1 week Ago By ABMN Staff
Needham & Company LLC reaffirmed their buy rating on shares of Salesforce ( NYSE:CRM – Free Report ) in a research report report published on Friday morning, Benzinga reports. They currently have a $345.00 price objective on the CRM provider’s stock.
Several other analysts have also recently issued reports on CRM. FBN Securities raised shares of Salesforce to a strong-buy rating in a research note on Thursday, August 29th. Piper Sandler increased their price target on shares of Salesforce from $250.
00 to $268.00 and gave the company a neutral rating in a research note on Thursday, August 29th. Wedbush reissued an outperform rating and issued a $315.
00 price target on shares of Salesforce in a research note on Thursday, August 29th. Wells Fargo & Company increased their price target on shares of Salesforce from $250.00 to $275.
00 and gave the company an equal weight rating in a research note on Thursday, August 29th. Finally, Macquarie dropped their price target on shares of Salesforce from $330.00 to $275.
00 and set an outperform rating for the company in a research note on Friday, May 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.
com, Salesforce presently has a consensus rating of Moderate Buy and an average target price of $304.41. Get Our Latest Stock Analysis on CRM Salesforce Stock Down 0.
9 % Salesforce ( NYSE:CRM – Get Free Report ) last announced 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 net margin of 15.
44% and a return on equity of 12.01%. The company had revenue of $9.
33 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter in the prior year, the company earned $1.
63 EPS. Salesforce’s revenue was up 8.5% compared to the same quarter last year.
As a group, sell-side analysts predict that Salesforce will post 7.52 EPS for the current fiscal year. Salesforce Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th.
Shareholders of record on Wednesday, September 18th will be given a dividend of $0.40 per share. This represents a $1.
60 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, September 18th.
Salesforce’s payout ratio is currently 28.78%. Insider Activity In related news, Director Craig Conway sold 6,000 shares of the business’s stock in a transaction dated Tuesday, June 11th.
The stock was sold at an average price of $239.64, for a total value of $1,437,840.00.
Following the transaction, the director now owns 6,855 shares in the company, valued at approximately $1,642,732.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other news, Director Craig Conway sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $239.64, for a total value of $1,437,840.
00. Following the completion of the sale, the director now owns 6,855 shares in the company, valued at approximately $1,642,732.20.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Parker Harris sold 3,528 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $250.
59, for a total transaction of $884,081.52. Following the transaction, the insider now owns 117,581 shares in the company, valued at $29,464,622.
79. The disclosure for this sale can be found here . Over the last three months, insiders sold 68,692 shares of company stock valued at $17,380,857.
Insiders own 3.20% of the company’s stock. Institutional Trading of Salesforce Several hedge funds have recently modified their holdings of CRM.
JFS Wealth Advisors LLC raised its position in Salesforce by 11.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock worth $93,000 after acquiring an additional 36 shares in the last quarter.
Fox Hill Wealth Management boosted its position in shares of Salesforce by 4.0% during the 1st quarter. Fox Hill Wealth Management now owns 985 shares of the CRM provider’s stock worth $297,000 after purchasing an additional 38 shares in the last quarter.
Pinnacle Wealth Planning Services Inc. boosted its position in shares of Salesforce by 0.8% during the 1st quarter.
Pinnacle Wealth Planning Services Inc. now owns 4,946 shares of the CRM provider’s stock worth $1,490,000 after purchasing an additional 38 shares in the last quarter. Glassman Wealth Services boosted its position in shares of Salesforce by 2.
9% during the 4th quarter. Glassman Wealth Services now owns 1,369 shares of the CRM provider’s stock worth $360,000 after purchasing an additional 39 shares in the last quarter. Finally, Blue Barn Wealth LLC boosted its position in shares of Salesforce by 1.
8% during the 1st quarter. Blue Barn Wealth LLC now owns 2,207 shares of the CRM provider’s stock worth $665,000 after purchasing an additional 39 shares in the last quarter. 80.
43% of the stock is owned by institutional investors and hedge funds. 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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