Y-Intercept (Hong Kong) 13F: Cuts Salesforce (CRM) Stake by $41M
Y-Intercept (Hong Kong) has reduced its position in Salesforce, cutting 180,639 shares in a recent filing.
Reviewed by automated data checks against the source filing. How we make and check alerts
Y-Intercept (Hong Kong) sold 180,639 shares from its stake in Salesforce, Inc. ($CRM), a 79.75% decrease, according to a 13F filing with the SEC dated October 16, 2026. It reported 45,871 shares worth $10.53 million at the end of the quarter.
Find the original: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR
CRM
Salesforce, Inc.
Key Points
- Y-Intercept (Hong Kong) cut its stake in Salesforce, reducing shares from 226,510 to 45,871, a decrease of 180,639 shares valued at approximately $10.5 million.
- Salesforce trades recently around $240.63, which is above its 50-day moving average by about 5.1% but below its 52-week high by 10.6%.
- Other major institutional holders like Blackrock and Vanguard also reduced their positions in Salesforce in the latest quarter.
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Y-Intercept (Hong Kong) has reduced its stake in Salesforce, Inc. (NYSE: CRM) by cutting 180,639 shares to a total of 45,871 shares.
What Changed in Y-Intercept's Salesforce Position
In a filing on October 16, 2026, Y-Intercept disclosed its position as of the last reporting period. The fund’s shares decreased by 79.7%, highlighting a significant cut in its investment in the company.
Other Institutional Activity in Salesforce
Other large institutional investors also made adjustments to their Salesforce holdings. Blackrock Inc. reduced its position by 6,940,990 shares, bringing its total to 72,748,909 shares worth about $17.5 billion. Vanguard Capital Management LLC cut its stake by 7,268,365 shares, holding 52,065,228 shares valued at approximately $12.5 billion. State Street Corporation also trimmed its holdings by 4,082,604 shares, resulting in a total of 44,869,478 shares worth around $10.8 billion. Morgan Stanley saw a significant reduction, selling 8,365,972 shares to hold 23,311,316 shares valued at about $5.6 billion.
Salesforce, Inc. Stock Up 2.0%
Salesforce shares recently traded around $240.63, which is above its 50-day moving average by about 5.1% and its 200-day average by roughly 20.8%. However, the stock is currently below its 52-week high by 10.6% and about 64.5% above its 52-week low of $146.32. The mean price target among analysts is $285.68, suggesting there may be room for growth against its recent price.
Recent Earnings
In its trailing twelve months, Salesforce reported revenue of about $43.9 billion, reflecting a year-over-year growth of 10.8%. The company has an earnings per share (EPS) of $10.84 and a net margin of 22%. Salesforce's next earnings report is expected on December 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 23.2%. Revenue met estimates.
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Profit surprise
EBITDA missed by 35 percent. Operating income missed by 35 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
12 target cuts.
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Earnings quality
Operating margin up 2.0 points. Positive free cash flow.
Earnings Call Summary
Salesforce delivered strong second quarter fiscal 2026 results with $10.25 billion in revenue, up 10 percent year over year. The company highlighted exceptional momentum in Agent Force and Data Cloud, with Data Cloud and AI products generating $1.2 billion in ARR up 120 percent. Net new bookings from deals over $1 million grew 26 percent, and the company closed major deals with Dell, Marriott, and the US Army. Management emphasized that the agentic enterprise transformation is driving customer success, with 40 percent of Agent Force and Data Cloud bookings coming from existing customers expanding their investments.
Guidance Salesforce raised the low end of full-year revenue guidance to approximately $41.1 billion to $41.3 billion, representing about 8.5 to 9 percent growth. The company also raised non-GAAP operating margin guidance by 10 basis points to 34.1 percent and raised operating cash flow growth guidance to 12 to 13 percent. For next quarter, revenue is expected to be $10.24 billion to $10.29 billion, up 8 to 9 percent year over year.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Salesforce, Inc.
Recently, Director Craig Conway sold 4,500 shares for a total value of about $1.17 million on September 4, 2026. Meanwhile, Director David Blair Kirk bought 4,176 shares at an average price of $239.33, totaling nearly $999,451 on September 18, 2026.
Analysts Set New Price Targets
On October 12, 2026, B of A Securities upgraded Salesforce to a "Buy" rating with a price target of $285, up from a prior target of $160. Other analysts like Freedom Broker and Citizens maintained their ratings of "Buy" and "Market Outperform," respectively, with targets of $295 and $315, showing continued optimism about the stock.
About Salesforce, Inc.
Salesforce, Inc. provides customer relationship management (CRM) technology services that connect companies with customers. The San Francisco-based company operates globally, offering tools that help businesses manage their customer interactions effectively.
Bottom Line
Investors should keep an eye on Salesforce's upcoming earnings report on December 2, 2026, as well as further institutional filings that may reveal changes in investor sentiment. Y-Intercept's recent filing reflects its holdings as of the reporting period and may not represent its current position.
Related Filing Alerts
Source: Y-Intercept (Hong Kong)'s 13F filing on $CRM (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts