2 weeks Ago By ABMN Staff
Salesforce ( NYSE:CRM – Get Free Report ) had its price objective increased by analysts at DA Davidson from $230.00 to $250.00 in a report released on Thursday, Benzinga reports.
The firm presently has a “neutral” rating on the CRM provider’s stock. DA Davidson’s price objective would suggest a potential downside of 1.15% from the company’s previous close.
DA Davidson also issued estimates for Salesforce’s Q3 2025 earnings at $1.84 EPS and FY2025 earnings at $7.70 EPS.
Several other research firms have also commented on CRM. Oppenheimer raised their price objective on shares of Salesforce from $280.00 to $300.
00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley raised their price target on shares of Salesforce from $320.00 to $330.
00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen cut their price objective on Salesforce from $330.00 to $285.
00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Wedbush reduced their price objective on Salesforce from $325.00 to $315.
00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Finally, Canaccord Genuity Group boosted their target price on Salesforce from $300.00 to $315.
00 and gave the stock a “buy” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus price target of $302.00. Check Out Our Latest Stock Report on Salesforce Salesforce Stock Down 1.
6 % Salesforce ( NYSE:CRM – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.
36 by $0.20. Salesforce had a return on equity of 11.
57% and a net margin of 15.30%. The firm had revenue of $9.
33 billion for the quarter, compared to the consensus estimate of $9.22 billion. During the same quarter in the previous year, the business earned $1.
63 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year.
Research analysts predict that Salesforce will post 7.47 EPS for the current year. Insider Activity at Salesforce In other Salesforce news, CAO Sundeep G.
Reddy sold 413 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $255.78, for a total transaction of $105,637.
14. Following the transaction, the chief accounting officer now owns 6,431 shares in the company, valued at approximately $1,644,921.18.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other Salesforce news, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction on Tuesday, July 23rd.
The stock was sold at an average price of $255.78, for a total value of $105,637.14.
Following the completion of the sale, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at $1,644,921.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink .
Also, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $262.97, for a total transaction of $1,104,474.
00. Following the transaction, the insider now directly owns 117,581 shares in the company, valued at $30,920,275.57.
The disclosure for this sale can be found here . Insiders sold a total of 112,964 shares of company stock worth $27,956,647 over the last 90 days. Company insiders own 3.
20% of the company’s stock. Institutional Investors Weigh In On Salesforce Institutional investors and hedge funds have recently modified their holdings of the company. Ruedi Wealth Management Inc.
boosted its position in Salesforce by 186.7% during the first quarter. Ruedi Wealth Management Inc.
now owns 86 shares of the CRM provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of Salesforce in the 4th quarter worth about $26,000. Piscataqua Savings Bank boosted its position in shares of Salesforce by 2,400.
0% in the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Red Tortoise LLC acquired a new stake in Salesforce in the 1st quarter valued at about $33,000.
Finally, Clear Investment Research LLC increased its holdings in Salesforce by 816.7% during the 2nd quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 98 shares in the last quarter.
Institutional investors and hedge funds own 80.43% 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. Featured Articles 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 .
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