Salesforce Inc. (NYSE:CRM – Get Free Report) shares shot up 4.3% on Friday . The stock traded as high as $164.45 and last traded at $163.6540. 10,612,481 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 13,803,048 shares. The stock had previously closed at $156.93.
Key Headlines Impacting Salesforce
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: Salesforce said the U.S. Department of Veterans Affairs awarded it a $1.6 billion, three-year agreement to help modernize veteran care and services through its Missionforce platform, a major enterprise and government win that could support future revenue growth. Article Title
- Positive Sentiment: Market commentary highlighted Salesforce as part of a broader rally in enterprise software tied to government AI deals, suggesting investors are rewarding the company’s AI-driven growth story and large-addressable-market opportunity. Article Title
- Positive Sentiment: Salesforce also announced equity awards for new employees joining from the acquisitions of Qualified and MeshMesh, reinforcing that the company is still using M&A and talent integration to expand its product capabilities. Article Title
- Neutral Sentiment: Several pieces discussed Salesforce’s longer-term outlook and AI platform strategy, including third-party takes on catalysts and new apps built on Salesforce, which support the stock’s narrative but are less immediate drivers than the VA deal. Article Title
- Negative Sentiment: One article flagged a “critical security test” for Salesforce, which could raise investor concerns about execution and platform trust, though it is not as immediate as the contract news. Article Title
- Negative Sentiment: Salesforce was also mentioned in a piece about the company falling more than the broader market the prior day, reflecting that the stock has still been under pressure despite the recent upbeat headlines. Article Title
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CRM. Canaccord Genuity Group reissued a “buy” rating and issued a $225.00 price target on shares of Salesforce in a report on Tuesday, June 16th. HC Wainwright downgraded Salesforce to a “negative” rating in a research note on Thursday, June 18th. Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and reduced their target price for the stock from $253.00 to $166.00 in a report on Monday, June 29th. The Goldman Sachs Group assumed coverage on Salesforce in a research note on Thursday, June 18th. They issued a “neutral” rating for the company. Finally, Roth Capital restated a “buy” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $249.51.
Salesforce Trading Up 4.3%
The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average is $170.08 and its 200 day moving average is $187.79. The firm has a market capitalization of $134.03 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.
Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.13 by $0.75. The business had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities analysts predict that Salesforce Inc. will post 10.29 earnings per share for the current year.
Salesforce Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new stake in Salesforce in the 4th quarter valued at approximately $25,000. Key Capital Management INC bought a new position in shares of Salesforce during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new position in shares of Salesforce during the 4th quarter worth approximately $26,000. Legacy Bridge LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $27,000. Finally, Costello Asset Management INC raised its holdings in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
Salesforce Company Profile
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.
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