Starboard Value exits Salesforce after $25 billion buyback
Starboard Value, led by Jeff Smith, has fully exited its positions in Salesforce and Autodesk.
The exit comes after Salesforce posted Q1 FY27 EPS of $3.88, beating the $3.13 consensus.
Smith has opened new positions in Lamb Weston and CarMax, and added to existing stakes in Riot Platforms and TripAdvisor.
Riot Platforms has surged 90% year to date, anchored by a $636 million AMD lease.