Salesforce Inc. (NYSE:CRM) Given Consensus Rating of “Moderate Buy” by Analysts

Salesforce Inc. (NYSE:CRMGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the fifty brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $275.1429.

CRM has been the topic of several research analyst reports. Scotiabank lowered shares of Salesforce from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, June 18th. DA Davidson set a $225.00 price objective on shares of Salesforce in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Salesforce from $230.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday. HSBC lifted their target price on Salesforce from $350.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, UBS Group restated a “buy” rating on shares of Salesforce in a research note on Friday, September 11th.

Read Our Latest Stock Analysis on CRM

Insider Buying and Selling

In related news, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Blair Kirk purchased 4,176 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were acquired at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, the director directly owned 18,748 shares of the company’s stock, valued at approximately $4,486,958.84. This represents a 28.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce in the 4th quarter worth approximately $25,000. ABS Direct Equity Fund LLC bought a new stake in Salesforce in the second quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in Salesforce during the second quarter worth $26,000. Persistent Asset Partners Ltd acquired a new position in Salesforce during the second quarter worth $27,000. Finally, Costello Asset Management INC lifted its holdings in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of NYSE CRM opened at $236.51 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $210.22 and its two-hundred day moving average is $189.50. The company has a market cap of $194.65 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.09 and a beta of 1.20. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11.

Salesforce (NYSE:CRMGet Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. On average, equities analysts expect that Salesforce will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.

Salesforce Company Profile

(Get Free Report)

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

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