DA Davidson Equities Analysts Increase Earnings Estimates for Salesforce, Inc. (NYSE:CRM)

Salesforce, Inc. (NYSE:CRM) – Equities researchers at DA Davidson lifted their FY2025 earnings per share estimates for shares of Salesforce in a note issued to investors on Thursday, August 31st. DA Davidson analyst G. Luria now anticipates that the CRM provider will earn $6.24 per share for the year, up from their prior forecast of $5.78. The consensus estimate for Salesforce’s current full-year earnings is $5.27 per share.

Other equities research analysts have also issued research reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $275.00 target price on shares of Salesforce in a research note on Thursday. Citigroup increased their price objective on Salesforce from $220.00 to $229.00 in a research note on Thursday. Roth Mkm boosted their target price on shares of Salesforce from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised their price target on shares of Salesforce from $245.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Societe Generale lowered shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.43.

Salesforce Stock Down 0.0 %

CRM stock opened at $221.39 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $216.21 and its 200-day simple moving average is $202.26. Salesforce has a 12 month low of $126.34 and a 12 month high of $238.22. The firm has a market capitalization of $215.63 billion, a PE ratio of 582.62, a P/E/G ratio of 2.09 and a beta of 1.20.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 30th. The CRM provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.22. Salesforce had a return on equity of 5.75% and a net margin of 1.18%. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis.

Institutional Investors Weigh In On Salesforce

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Salesforce by 92,823.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 238,763,957 shares of the CRM provider’s stock valued at $50,441,274,000 after buying an additional 238,507,009 shares during the last quarter. Norges Bank bought a new stake in shares of Salesforce in the 4th quarter valued at approximately $1,420,381,000. Moneta Group Investment Advisors LLC raised its position in shares of Salesforce by 125,717.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,260,412 shares of the CRM provider’s stock valued at $1,360,428,000 after acquiring an additional 10,252,257 shares in the last quarter. Capital International Investors boosted its holdings in Salesforce by 1,151.2% in the second quarter. Capital International Investors now owns 7,117,212 shares of the CRM provider’s stock worth $1,503,547,000 after purchasing an additional 6,548,396 shares during the period. Finally, Capital World Investors increased its stake in Salesforce by 30.2% during the second quarter. Capital World Investors now owns 19,242,436 shares of the CRM provider’s stock valued at $4,065,157,000 after purchasing an additional 4,458,227 shares during the last quarter. Institutional investors own 77.52% of the company’s stock.

Insider Activity

In related news, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $205.12, for a total transaction of $3,076,800.00. Following the sale, the chief executive officer now owns 16,086,166 shares of the company’s stock, valued at approximately $3,299,594,369.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Sundeep G. Reddy sold 164 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $225.05, for a total transaction of $36,908.20. Following the completion of the transaction, the chief accounting officer now directly owns 2,230 shares in the company, valued at approximately $501,861.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $205.12, for a total transaction of $3,076,800.00. Following the completion of the sale, the chief executive officer now owns 16,086,166 shares of the company’s stock, valued at approximately $3,299,594,369.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,270,289 shares of company stock worth $270,771,583. 3.70% of the stock is currently owned by company insiders.

Salesforce Company Profile

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 relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.