2 weeks Ago By ABMN Staff
Salesforce ( NYSE:CRM – Get Free Report ) had its price objective upped by analysts at Sanford C. Bernstein from $234.00 to $236.
00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the CRM provider’s stock. Sanford C.
Bernstein’s price target would suggest a potential downside of 6.68% from the company’s current price. Several other analysts also recently issued reports on the company.
Wells Fargo & Company lifted their target price on Salesforce from $250.00 to $275.00 and gave the company an “equal weight” rating in a research note on Thursday.
Evercore ISI reissued an “outperform” rating and issued a $300.00 target price on shares of Salesforce in a report on Monday, August 26th. Loop Capital raised their target price on shares of Salesforce from $240.
00 to $270.00 and gave the company a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Salesforce from $350.
00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Finally, Roth Mkm restated a “buy” rating and set a $335.
00 price objective on shares of Salesforce in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $302.
00. Check Out Our Latest Analysis on Salesforce Salesforce Stock Performance Salesforce ( NYSE:CRM – Get Free Report ) last issued its earnings results on Wednesday, August 28th. The CRM provider reported $2.
56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20.
The company had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion.
Salesforce had a net margin of 15.30% and a return on equity of 11.57%.
Salesforce’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.
63 EPS. Equities analysts forecast that Salesforce will post 7.47 earnings per share for the current fiscal year.
Insider Transactions at Salesforce In other Salesforce news, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $262.90, for a total transaction of $1,104,180.
00. Following the completion of the sale, the insider now directly owns 117,581 shares of the company’s stock, valued at $30,912,044.90.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other news, insider Parker Harris sold 4,200 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $262.
90, for a total value of $1,104,180.00. Following the sale, the insider now owns 117,581 shares in the company, valued at $30,912,044.
90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, Director G Mason Morfit purchased 428,000 shares of the stock in a transaction on Monday, June 3rd.
The stock was acquired at an average cost of $233.17 per share, for a total transaction of $99,796,760.00.
Following the completion of the acquisition, the director now owns 3,914,309 shares of the company’s stock, valued at approximately $912,699,429.53. The disclosure for this purchase can be found here .
In the last three months, insiders sold 112,964 shares of company stock valued at $27,956,647. Corporate insiders own 3.20% of the company’s stock.
Institutional Trading of Salesforce Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Salesforce during the second quarter valued at $33,000.
Souders Financial Advisors grew its position in shares of Salesforce by 435.0% during the 2nd quarter. Souders Financial Advisors now owns 4,018 shares of the CRM provider’s stock valued at $1,033,000 after acquiring an additional 3,267 shares during the period.
Clearbridge Investments LLC increased its stake in shares of Salesforce by 9.3% in the 2nd quarter. Clearbridge Investments LLC now owns 3,428,934 shares of the CRM provider’s stock valued at $881,579,000 after purchasing an additional 292,912 shares in the last quarter.
New Wave Wealth Advisors LLC acquired a new position in Salesforce in the 2nd quarter worth about $336,000. Finally, KPP Advisory Services LLC boosted its position in Salesforce by 7.6% during the second quarter.
KPP Advisory Services LLC now owns 6,921 shares of the CRM provider’s stock worth $1,779,000 after purchasing an additional 487 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
About Salesforce ( 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 Stories 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.
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