Salesforce (NYSE:CRM) Given New $267.00 Price Target at Northland Securities

Salesforce (NYSE:CRM) had its price target hoisted by equities researchers at Northland Securities from $264.00 to $267.00 in a report released on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the CRM provider’s stock. Northland Securities’ target price suggests a potential upside of 7.47% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Mizuho cut their target price on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. UBS Group reissued a “neutral” rating on shares of Salesforce in a research report on Thursday. KeyCorp dropped their target price on Salesforce from $440.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Truist Financial reduced their price objective on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Twenty-nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.27.

Salesforce Price Performance

NYSE CRM traded up $9.71 on Thursday, reaching $248.43. The company’s stock had a trading volume of 13,223,609 shares, compared to its average volume of 7,752,544. The business has a 50-day moving average price of $242.78 and a 200 day moving average price of $253.10. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market cap of $236.51 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. Salesforce has a 52 week low of $221.96 and a 52 week high of $367.15.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts expect that Salesforce will post 7.46 EPS for the current year.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 122 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This trade represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 184,284 shares of company stock worth $43,862,999. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Salesforce

A number of hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its position in Salesforce by 4.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock valued at $23,814,000 after purchasing an additional 3,387 shares during the last quarter. Advyzon Investment Management LLC lifted its position in shares of Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock worth $514,000 after buying an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake in shares of Salesforce by 8.5% in the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock valued at $56,342,000 after acquiring an additional 16,176 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Salesforce by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 148,254 shares of the CRM provider’s stock worth $40,427,000 after buying an additional 12,544 shares during the period. Finally, Tableaux LLC bought a new position in shares of Salesforce in the second quarter worth about $40,904,000. 80.43% of the stock is currently owned by institutional investors.

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.