Wedbush Trims Stake in Salesforce as Investors Reassess CRM Valuation

Wedbush Securities Inc. has adjusted its position in shares of Salesforce (NYSE:CRM), reducing its holdings by 11.7% during the second quarter, according to a recent disclosure with the Securities & Exchange Commission. The firm now owns 18,805 shares of Salesforce's stock, valued at $2,946,000.

Wedbush is not alone in adjusting its position; several other large investors have also made changes to their holdings of CRM. Brighton Jones LLC increased its stake by 13.7% during the fourth quarter and now owns 25,668 shares worth $8,582,000. Revolve Wealth Partners LLC grew its holdings by 12.6% in the same period and currently holds 1,827 shares valued at $611,000.

Salesforce has been a subject of interest among investors and analysts following its strong quarterly results. The company reported adjusted earnings per share (EPS) of $5.90, beating the consensus estimate by $2.63. Revenue rose 10.8% year over year to $11.35 billion, surpassing expectations. Management raised its fiscal 2027 revenue outlook to approximately $46.1 billion-$46.4 billion and highlighted stronger bookings, lower attrition, and potential organic growth reacceleration.