Brokerages Set Salesforce Inc. (NYSE:CRM) PT at $332.58

Salesforce Inc. (NYSE:CRM) has been given a consensus recommendation of “Moderate Buy” by the thirty-eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $332.5833.

CRM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Roth Capital restated a “buy” rating and set a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Canaccord Genuity Group lowered their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Stifel Nicolaus cut their price objective on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research report on Thursday, September 4th.

Salesforce Price Performance

Shares of CRM opened at $245.85 on Tuesday. Salesforce has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a market capitalization of $234.05 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.08 and a beta of 1.19. The business’s 50-day moving average is $246.17 and its two-hundred day moving average is $259.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Research analysts predict that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.

Insider Buying and Selling at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 3,400 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. The trade was a 801.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total transaction of $531,855.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,815,657,152.98. The trade was a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,750 shares of company stock worth $19,747,868. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Salesforce

A number of large investors have recently made changes to their positions in the stock. Diversified Trust Co increased its stake in shares of Salesforce by 30.1% in the 2nd quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock worth $7,577,000 after acquiring an additional 6,430 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider’s stock worth $16,353,000 after purchasing an additional 2,644 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in Salesforce during the first quarter worth about $9,367,000. Jones Financial Companies Lllp boosted its holdings in Salesforce by 31.2% in the 1st quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider’s stock valued at $93,016,000 after purchasing an additional 81,916 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its stake in shares of Salesforce by 6.8% in the 2nd quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider’s stock valued at $30,260,000 after buying an additional 7,091 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

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.