Salesforce, Inc. (NYSE:CRM - Free Report) - DA Davidson decreased their FY2026 earnings per share (EPS) estimates for Salesforce in a report released on Thursday, June 6th. DA Davidson analyst G. Luria now forecasts that the CRM provider will earn $8.71 per share for the year, down from their previous forecast of $8.85. DA Davidson currently has a "Neutral" rating and a $230.00 target price on the stock. The consensus estimate for Salesforce's current full-year earnings is $7.47 per share.
Several other research analysts have also recently issued reports on the company. Barclays cut their price objective on Salesforce from $355.00 to $305.00 and set an "overweight" rating for the company in a research report on Thursday, May 30th. Wolfe Research reiterated an "outperform" rating and issued a $365.00 price objective on shares of Salesforce in a research report on Tuesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $342.00 price objective on shares of Salesforce in a research report on Monday, April 15th. Sanford C. Bernstein increased their price objective on Salesforce from $231.00 to $234.00 and gave the stock an "underperform" rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $350.00 target price on shares of Salesforce in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $292.79.
Read Our Latest Stock Analysis on Salesforce
Salesforce Price Performance
Salesforce stock opened at $241.85 on Monday. The business has a 50 day simple moving average of $275.34 and a 200-day simple moving average of $276.90. The stock has a market capitalization of $234.35 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce has a 12 month low of $193.68 and a 12 month high of $318.71.
Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.38 by $0.06. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The business had revenue of $9.13 billion during the quarter, compared to analysts' expectations of $9.15 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. The company's quarterly revenue was up 10.7% compared to the same quarter last year.
Institutional Investors Weigh In On Salesforce
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Objective Capital Management LLC boosted its position in Salesforce by 10.7% during the 1st quarter. Objective Capital Management LLC now owns 1,035 shares of the CRM provider's stock valued at $312,000 after purchasing an additional 100 shares during the period. Maxwell Wealth Strategies Inc. boosted its position in Salesforce by 569.1% during the 1st quarter. Maxwell Wealth Strategies Inc. now owns 9,448 shares of the CRM provider's stock valued at $2,846,000 after purchasing an additional 8,036 shares during the period. Motiv8 Investments LLC boosted its position in Salesforce by 20.1% during the 1st quarter. Motiv8 Investments LLC now owns 2,448 shares of the CRM provider's stock valued at $737,000 after purchasing an additional 409 shares during the period. Cetera Advisor Networks LLC raised its stake in Salesforce by 7.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 132,020 shares of the CRM provider's stock valued at $39,762,000 after acquiring an additional 8,730 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in Salesforce by 27.1% during the 1st quarter. Cetera Advisors LLC now owns 131,076 shares of the CRM provider's stock valued at $39,477,000 after acquiring an additional 27,976 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CFO Amy E. Weaver sold 7,075 shares of the firm's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $309.32, for a total value of $2,188,439.00. Following the transaction, the chief financial officer now directly owns 38,483 shares in the company, valued at approximately $11,903,561.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Parker Harris sold 2,800 shares of the firm's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $235.99, for a total value of $660,772.00. Following the transaction, the insider now directly owns 115,762 shares in the company, valued at approximately $27,318,674.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 7,075 shares of the firm's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $309.32, for a total value of $2,188,439.00. Following the sale, the chief financial officer now owns 38,483 shares in the company, valued at $11,903,561.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 625,870 shares of company stock valued at $177,970,848. Insiders own 3.20% of the company's stock.
Salesforce Company Profile
(Get Free Report)
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.
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