Salesforce (NYSE:CRM) Given "Market Outperform" Rating at JMP Securities

Key Points

• JMP Securities has reiterated a "Market Outperform" rating for Salesforce (NYSE:CRM), setting a price target of $430.00, suggesting a potential upside of 75.45% from its current price.
• In the latest quarter, Salesforce reported $2.91 earnings per share, surpassing estimates, alongside a revenue of $10.24 billion, indicating a year-over-year growth of 9.8%.
• Salesforce's stock has seen mixed analyst ratings, with 25 "Buy" ratings, 13 "Hold" ratings, and one "Sell" rating, reflecting varied investor perspectives.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "market outperform" rating reiterated by analysts at JMP Securities in a research note issued on Friday,Benzinga reports. They presently have a $430.00 price target on the CRM provider's stock. JMP Securities' price objective would indicate a potential upside of 75.45% from the company's current price.

Other research analysts also recently issued research reports about the stock. Northland Capmk downgraded shares of Salesforce from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Roth Capital reaffirmed a "buy" rating and issued a $395.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Wall Street Zen raised Salesforce from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Sanford C. Bernstein dropped their price target on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research note on Thursday, September 4th. Finally, DA Davidson reiterated a "neutral" rating and set a $225.00 price objective on shares of Salesforce in a research report on Thursday. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $325.23.

Salesforce Trading Up 3.6%

Shares of NYSE:CRM opened at $245.09 on Friday. The stock has a 50 day moving average of $244.31 and a 200 day moving average of $258.05. The company has a market cap of $233.33 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. Salesforce has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 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 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities research analysts expect that Salesforce will post 7.46 EPS for the current year.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 3,400 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director directly owned 3,824 shares of the company's stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $234.64, for a total value of $527,940.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,794,931,019.44. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,750 shares of company stock worth $19,521,495 in the last quarter. Company insiders own 3.00% of the company's stock.

Institutional Trading of Salesforce

Institutional investors and hedge funds have recently made changes to their positions in the business. Coign Capital Advisors LLC lifted its stake in shares of Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. raised its holdings in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares in the last quarter. KDT Advisors LLC lifted its position in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after buying an additional 38 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its holdings in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after acquiring an additional 39 shares during the last quarter. 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.

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