Chemung Canal Trust Co. Boosts Salesforce Stake by 513.9%

The institutional investor now owns $2.47 million in Salesforce shares.

Mar. 28, 2026 at 7:29am by Ben Kaplan

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Chemung Canal Trust Co. significantly increased its stake in Salesforce Inc. (NYSE:CRM) during the fourth quarter, according to a recent SEC filing. The institutional investor now owns 9,332 shares of the CRM provider's stock, worth approximately $2.47 million, after purchasing an additional 7,812 shares.

Why it matters

This investment by Chemung Canal Trust Co. reflects growing institutional confidence in Salesforce's long-term prospects, despite the company's recent stock price decline. As a major cloud-based CRM and enterprise software provider, Salesforce's performance is closely watched by investors as an indicator of the broader software and technology sectors.

The details

Chemung Canal Trust Co. lifted its stake in Salesforce by 513.9% during the fourth quarter, according to the SEC filing. The institutional investor now owns 9,332 shares of the CRM provider's stock, up from just 1,520 shares held previously. This investment is now valued at approximately $2.47 million based on Salesforce's current stock price.

  • Chemung Canal Trust Co. reported its increased Salesforce stake in a filing with the SEC on March 28, 2026.
  • The investment was made during the fourth quarter of 2025.

The players

Chemung Canal Trust Co.

An institutional investor that manages assets and provides financial services.

Salesforce Inc.

A global provider of cloud-based customer relationship management (CRM) and enterprise software solutions, headquartered in San Francisco.

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The takeaway

Chemung Canal Trust Co.'s significant increase in its Salesforce stake suggests that major institutional investors remain bullish on the company's long-term growth prospects, despite recent stock price volatility. This vote of confidence from a large institutional investor could signal that Salesforce is well-positioned to weather the current market conditions and continue its expansion in the enterprise software and CRM space.