Wedbush Securities Inc. Sells 2,485 Shares of Salesforce Inc. $CRM

Wedbush Securities Inc. lowered its stake in shares of Salesforce Inc. (NYSE:CRM) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,805 shares of the CRM provider’s stock after selling 2,485 shares during the period. Wedbush Securities Inc.’s holdings in Salesforce were worth $2,946,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in Salesforce during the fourth quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Salesforce in the second quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Salesforce during the 4th quarter valued at $26,000. Persistent Asset Partners Ltd purchased a new position in shares of Salesforce during the 2nd quarter valued at $27,000. Finally, Costello Asset Management INC grew its stake in shares of Salesforce by 410.3% during the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 119 shares during the period. Institutional investors own 80.43% of the company’s stock.

Salesforce News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Strong quarterly beat and raised outlook: Salesforce reported adjusted EPS of $5.90 versus the $3.27 consensus estimate, while revenue rose 10.8% year over year to $11.35 billion, broadly topping expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and pointed to stronger bookings, lower attrition and potential organic growth reacceleration. Salesforce Stock Soars After Strong Results, Raised Outlook
• Positive Sentiment: AI partnership strengthens the growth narrative: Salesforce expanded its alliance with Anthropic, integrating Claude into Agentforce and launching “Claudeforce,” which places Salesforce CRM capabilities inside Claude. Investors viewed the agreement as evidence that Salesforce can monetize AI and benefit from rising usage; Agentforce and Data 360 annual recurring revenue approached $3.9 billion, with Agentforce ARR reaching about $1.5 billion. Salesforce Soars on Earnings Beat and AI Partnership
• Positive Sentiment: Analyst and institutional support: Wolfe Research upgraded CRM to “strong buy,” while several firms raised price targets, including Truist to $300, JPMorgan to $265 and Mizuho to $265. Heavy trading and reports of institutional buying suggest investors are reassessing the stock’s valuation and the broader software sector’s AI prospects.
• Neutral Sentiment: Profit quality warrants scrutiny: Strategic investment gains contributed $2.53 of the $5.90 adjusted EPS, including an estimated $2.7 billion unrealized gain tied to Salesforce’s Anthropic investment. This boosted reported earnings but may not represent recurring operating performance. Salesforce Stock Just Soared. Thank Anthropic.
• Negative Sentiment: Valuation and execution risks remain: After the rally, some analysts still see limited upside or downside, with UBS, Citi, Morgan Stanley and Wells Fargo retaining neutral or equivalent ratings. Critics also caution that Anthropic could control the AI orchestration layer, potentially limiting Salesforce’s long-term strategic leverage, while the rapid move may already price in much of the AI opportunity.

Salesforce Stock Performance

Shares of CRM opened at $256.60 on Monday. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The stock’s 50-day simple moving average is $181.24 and its 200 day simple moving average is $182.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $211.18 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the previous year, the firm earned $2.91 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts forecast that Salesforce Inc. will post 12.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CRM. Wells Fargo & Company lifted their price objective on Salesforce from $205.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday. Truist Financial reiterated a “buy” rating and set a $300.00 target price (up from $280.00) on shares of Salesforce in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $275.00 target price (up from $250.00) on shares of Salesforce in a research note on Thursday. HC Wainwright lowered shares of Salesforce to a “negative” rating in a research report on Thursday, June 18th. Finally, Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.15.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.