Calamos Wealth Management LLC Decreases Stock Position in Salesforce Inc. $CRM

Calamos Wealth Management LLC trimmed its position in shares of Salesforce Inc. (NYSE:CRM) by 92.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,576 shares of the CRM provider’s stock after selling 31,832 shares during the quarter. Calamos Wealth Management LLC’s holdings in Salesforce were worth $702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Salesforce during the first quarter worth about $2,039,196,000. Longview Partners Guernsey LTD purchased a new position in Salesforce in the 1st quarter worth approximately $467,944,000. Pacer Advisors Inc. boosted its holdings in shares of Salesforce by 1,744.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,820,262 shares of the CRM provider’s stock worth $488,486,000 after purchasing an additional 1,721,550 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Salesforce by 1.6% in the first quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after purchasing an additional 1,383,942 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Salesforce in the first quarter valued at approximately $345,100,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $238.37, for a total value of $536,332.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,839,361,179.27. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 76,500 shares of company stock worth $18,929,903. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRM has been the subject of several analyst reports. Roth Capital restated a “buy” rating and issued a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Bank of America dropped their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Oppenheimer reduced their target price on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 26th. Morgan Stanley increased their price target on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

Salesforce Stock Performance

NYSE:CRM opened at $243.27 on Monday. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day moving average price of $244.38 and a 200 day moving average price of $257.79. The stock has a market capitalization of $231.59 billion, a P/E ratio of 35.36, a PEG ratio of 2.04 and a beta of 1.19.

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

Salesforce Dividend Announcement

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

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.