Has Salesforce split its stock? CRM's stock split history explained

Group 1: Company Overview - Salesforce (CRM) is a leading tech company that has transformed business operations through data automation and centralization, offering a comprehensive view of sales, customer service, and marketing [1] - The introduction of "Agentforce," a suite of AI agents, aims to enhance business efficiency and customer relationships, often without human intervention [2] Group 2: Financial Performance - Salesforce has achieved an average annual return of 16.56% over the past 20 years, outperforming the S&P 500 by 7.99% [2] - An investment of $1,000 in Salesforce shares 20 years ago would be worth approximately $20,797.11 by late March 2026 [2] Group 3: Stock Split History - Salesforce has executed only one stock split in its 22-year history, a four-for-one split in April 2013, increasing authorized shares from 400 million to 1.6 billion [3] - In contrast, other tech companies like Microsoft and Apple have executed multiple stock splits, indicating a different approach to share management [4] Group 4: Implications of Stock Splits - Stock splits can enhance affordability for individual investors, improve liquidity, and increase trading volume, potentially reducing volatility [4] - They also convey a message of confidence in a company's future, often occurring after significant stock price increases [5] Group 5: Changing Perspectives on Stock Splits - While stock splits do not alter a company's fundamental value, they have become less common in recent years, although there is a resurgence due to high stock prices [6][9] - Notably, Berkshire Hathaway has never split its Class A shares, aiming to maintain a sophisticated shareholder base aligned with long-term objectives [8][9]