Key Points
- Salesforce director David Blair Kirk bought 4,176 shares at an average price of $239.33, increasing his direct holdings by 28.66% to 18,748 shares.
- Salesforce reported strong quarterly results, with $5.90 in earnings per share versus the $3.27 consensus estimate and revenue of $11.35 billion, up 10.8% year over year.
- Analysts maintain a generally positive outlook, with Salesforce receiving a “Moderate Buy” consensus rating and an average price target of $275.14; the company also announced a quarterly dividend of $0.44 per share.
Salesforce Inc. (NYSE:CRM - Get Free Report) Director David Blair Kirk acquired 4,176 shares of Salesforce stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, with a total value of $999,442.08. Following the transaction, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. This trade represents a 28.66% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Salesforce Stock Performance
CRM opened at $236.51 on Tuesday. The stock's 50 day simple moving average is $210.22 and its 200-day simple moving average is $189.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $194.65 billion, a PE ratio of 21.56, a P/E/G ratio of 1.09 and a beta of 1.20. Salesforce Inc. has a 1 year low of $146.32 and a 1 year high of $269.11.
Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The firm had revenue of $11.35 billion during the quarter, compared to analysts' expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.Salesforce's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Sell-side analysts forecast that Salesforce Inc. will post 12.82 EPS for the current year.
Salesforce Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, September 17th. Salesforce's payout ratio is 16.04%.
Wall Street Analysts Forecast Growth
CRM has been the subject of several recent research reports. Daiwa Securities Group dropped their price target on shares of Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Tuesday, June 2nd. Argus lifted their price objective on Salesforce from $290.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 31st. Wedbush started coverage on Salesforce in a research note on Wednesday, July 1st. They issued an "outperform" rating on the stock. BMO Capital Markets increased their target price on Salesforce from $250.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, September 17th. Finally, Macquarie Infrastructure cut their target price on Salesforce from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average target price of $275.14.
Check Out Our Latest Report on Salesforce
Institutional Trading of Salesforce
Several large investors have recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd boosted its stake in Salesforce by 3.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider's stock worth $181,143,000 after purchasing an additional 24,332 shares in the last quarter. Fluent Financial LLC bought a new stake in shares of Salesforce during the second quarter worth $2,265,000. Secured Retirement Advisors LLC acquired a new stake in shares of Salesforce in the first quarter valued at $1,004,000. TAM Capital Management Inc. acquired a new stake in shares of Salesforce in the first quarter valued at $40,945,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider's stock valued at $23,846,000 after buying an additional 3,125 shares during the last quarter. 80.43% of the stock is owned by institutional investors.
Salesforce Company Profile
(
Get Free Report)
Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.
The company's product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.
Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.
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