Key Points
- Parker Harris sold 134,662 shares on Dec. 2 at an average price of $234.70 for about $31.6M, cutting his ownership by 49.07% to 139,767 shares (SEC Form 4 filed).
- Salesforce reported quarterly EPS of $3.25 (vs. $2.86 expected) and revenue of $10.26B, and set Q4 2026 guidance of $3.020–3.040 EPS.
- Analysts remain mostly positive with a consensus rating of "Moderate Buy" and an average price target of $323.29, although several firms have recently trimmed targets.
Salesforce Inc. (NYSE:CRM - Get Free Report) insider Parker Harris sold 134,662 shares of the business's stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Salesforce Trading Up 1.6%
Shares of CRM stock opened at $238.47 on Thursday. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $369.00. The firm has a market cap of $227.02 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The company has a 50-day moving average of $242.78 and a two-hundred day moving average of $253.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12.
Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.39. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business's revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.
Institutional Trading of Salesforce
Several hedge funds have recently added to or reduced their stakes in CRM. Brighton Jones LLC lifted its position in shares of Salesforce by 13.7% during the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock worth $8,582,000 after purchasing an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Salesforce by 12.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock valued at $611,000 after buying an additional 205 shares in the last quarter. Bison Wealth LLC lifted its holdings in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider's stock worth $747,000 after buying an additional 184 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Salesforce during the 1st quarter worth about $511,000. Finally, New Age Alpha Advisors LLC increased its holdings in shares of Salesforce by 237.3% in the 1st quarter. New Age Alpha Advisors LLC now owns 34,739 shares of the CRM provider's stock valued at $9,323,000 after acquiring an additional 24,440 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on CRM. Northland Securities lowered Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 price target for the company. in a research report on Tuesday, October 14th. UBS Group lowered their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Oppenheimer cut their price target on shares of Salesforce from $315.00 to $300.00 and set an "outperform" rating on the stock in a research note on Monday. Royal Bank Of Canada lowered their price objective on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Finally, Mizuho dropped their price objective on shares of Salesforce from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Monday, November 17th. Twenty-six equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.29.
Read Our Latest Analysis on CRM
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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