Salesforce’s (CRM) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Salesforce (NYSE:CRM) in a research report released on Tuesday morning,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group dropped their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Bank of America lowered their price objective on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Barclays reduced their target price on shares of Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Sanford C. Bernstein decreased their price target on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a research note on Thursday, September 4th. Finally, Macquarie restated a “neutral” rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Twenty-five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $328.22.

Salesforce Trading Down 3.6%

Shares of Salesforce stock opened at $239.87 on Tuesday. Salesforce has a 12-month low of $226.48 and a 12-month high of $369.00. The stock has a market cap of $228.36 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.15 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $244.47 and its 200-day moving average is $258.36.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts predict that Salesforce will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,929,174,424.61. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 78,750 shares of company stock worth $19,572,233. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Salesforce

Large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock valued at $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Salesforce by 12.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Salesforce by 9.0% during the fourth quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock valued at $747,000 after purchasing an additional 184 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Salesforce by 13.9% during the first quarter. GAMMA Investing LLC now owns 14,166 shares of the CRM provider’s stock valued at $3,802,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Salesforce by 156.2% during the first quarter. Exchange Traded Concepts LLC now owns 10,317 shares of the CRM provider’s stock valued at $2,769,000 after purchasing an additional 6,290 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

About Salesforce

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.