JMP Securities Reiterates “Market Outperform” Rating for Salesforce (NYSE:CRM)

Salesforce (NYSE:CRM)‘s stock had its “market outperform” rating restated by JMP Securities in a research report issued on Friday,Benzinga reports. They presently have a $430.00 target price on the CRM provider’s stock. JMP Securities’ price objective points to a potential upside of 76.76% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. KeyCorp dropped their price objective on shares of Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Bank of America dropped their price objective on shares of Salesforce from $350.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday. Finally, Wedbush reissued an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research note on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $325.23.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $243.27 on Friday. Salesforce has a 52 week low of $226.48 and a 52 week high of $369.00. The stock has a market capitalization of $231.59 billion, a P/E ratio of 35.36, a PEG ratio of 2.10 and a beta of 1.19. The firm has a fifty day simple moving average of $244.38 and a two-hundred day simple moving average of $257.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company posted $2.56 EPS. The business’s revenue 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. On average, analysts expect that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,839,361,179.27. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 78,750 shares of company stock worth $19,521,495. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Salesforce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC lifted its holdings in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Salesforce in the 2nd quarter valued at about $27,000. Capital A Wealth Management LLC raised its holdings in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 85 shares in the last quarter. Finally, Abound Financial LLC bought a new stake in shares of Salesforce in the 1st quarter valued at about $31,000. Institutional investors own 80.43% of the company’s stock.

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.