Wedbush Securities Inc. Lowers Position in Salesforce Inc. $CRM

Wedbush Securities Inc. cut its position in shares of Salesforce Inc. (NYSE:CRM) by 13.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,234 shares of the CRM provider’s stock after selling 4,103 shares during the period. Wedbush Securities Inc.’s holdings in Salesforce were worth $7,154,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Painted Porch Advisors LLC increased its holdings in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Capital A Wealth Management LLC boosted its position in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares during the period. Christopher J. Hasenberg Inc grew its stake in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of Salesforce during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 74,372 shares of company stock worth $18,317,866. 3.00% of the stock is owned by insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $239.92 on Friday. The company has a market cap of $228.40 billion, a P/E ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.19. The business has a 50 day moving average of $247.41 and a two-hundred day moving average of $258.16. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRM. Macquarie restated a “neutral” rating and issued a $250.00 price target on shares of Salesforce in a report on Thursday, October 16th. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, KeyCorp cut their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $325.23.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.