Salesforce, Inc. (NYSE:CRM – Get Free Report) has earned an average recommendation of “Moderate Buy” from the forty-one brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, thirty have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $365.62.
A number of research firms recently weighed in on CRM. Erste Group Bank upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group lifted their price objective on shares of Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of Salesforce from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company decreased their target price on shares of Salesforce from $345.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson decreased their target price on shares of Salesforce from $300.00 to $275.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th.
Get Our Latest Analysis on CRM
Insider Transactions at Salesforce
Institutional Trading of Salesforce
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in Salesforce by 1.8% during the 3rd quarter. State Street Corp now owns 49,007,404 shares of the CRM provider’s stock worth $13,432,855,000 after purchasing an additional 864,193 shares in the last quarter. Geode Capital Management LLC increased its position in Salesforce by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 19,955,353 shares of the CRM provider’s stock worth $6,656,078,000 after purchasing an additional 175,035 shares in the last quarter. Fisher Asset Management LLC increased its position in Salesforce by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider’s stock worth $4,163,703,000 after purchasing an additional 177,321 shares in the last quarter. Northern Trust Corp grew its position in Salesforce by 18.3% in the fourth quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider’s stock valued at $3,752,830,000 after acquiring an additional 1,736,667 shares in the last quarter. Finally, Norges Bank acquired a new stake in Salesforce in the fourth quarter valued at approximately $3,599,867,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Salesforce Stock Performance
NYSE:CRM opened at $279.76 on Friday. The firm’s fifty day moving average price is $318.03 and its 200 day moving average price is $309.36. Salesforce has a 1-year low of $212.00 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $268.85 billion, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35.
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.
See Also
- Five stocks we like better than Salesforce
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- How to Build the Ultimate Everything ETF Portfolio
- What to Know About Investing in Penny Stocks
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- What is a Low P/E Ratio and What Does it Tell Investors?
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter.