Salesforce Inc. (NYSE:CRM) Receives $332.58 Average PT from Analysts

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

A number of equities research analysts have commented on CRM shares. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus reduced 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. Piper Sandler reduced their price objective on Salesforce from $335.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Barclays reduced their price objective on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Finally, Bank of America reduced their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th.

Insiders Place Their Bets

In related news, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought 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 in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total value of $531,855.00. Following the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,815,657,152.98. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $20,357,213 in the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Diversified Trust Co raised its position in Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider’s stock valued at $7,577,000 after acquiring an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. raised 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 valued at $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Salesforce in the first quarter valued at approximately $9,367,000. Jones Financial Companies Lllp grew its holdings in Salesforce by 31.2% in the first 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 period. Finally, Park National Corp OH grew its holdings in Salesforce by 10.5% in the second quarter. Park National Corp OH now owns 114,532 shares of the CRM provider’s stock valued at $31,232,000 after purchasing an additional 10,901 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Trading Up 1.4%

Salesforce stock opened at $239.01 on Tuesday. The stock has a 50-day moving average of $247.24 and a two-hundred day moving average of $260.59. 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 has a one year low of $226.48 and a one year high of $369.00. The stock has a market cap of $227.53 billion, a PE ratio of 34.74, a price-to-earnings-growth 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, beating 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 during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business posted $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. On average, research analysts anticipate that Salesforce will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Salesforce Company Profile

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.