Salesforce (NYSE:CRM) Now Covered by Analysts at BTIG Research

BTIG Research initiated coverage on shares of Salesforce (NYSE:CRM) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating on the CRM provider’s stock.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. JMP Securities reissued a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research report on Monday. Arete Research raised shares of Salesforce to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Piper Sandler restated an “overweight” rating on shares of Salesforce in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.68.

Salesforce Stock Up 1.3%

Shares of Salesforce stock opened at $258.10 on Tuesday. Salesforce has a 1 year low of $221.96 and a 1 year high of $367.09. The firm has a market cap of $241.84 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.90 and a beta of 1.25. The company has a 50-day moving average of $246.33 and a 200 day moving average of $251.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the prior year, the company earned $2.41 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, sell-side analysts anticipate that Salesforce will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Salesforce

In related news, Director G Mason Morfit bought 96,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,096,889. The trade was a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 173,034 shares of company stock worth $41,097,367 over the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Painted Porch Advisors LLC increased its position in shares of 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 purchasing an additional 65 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Salesforce during the third quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new stake in Salesforce during the second quarter valued at approximately $27,000. Texas Capital Bancshares Inc TX bought a new position in Salesforce in the third quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

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