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Salesforce (NYSE:CRM) Given "Neutral" Rating at Macquarie

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Key Points

  • Macquarie has reaffirmed a "neutral" rating for Salesforce's stock (NYSE:CRM) with a target price of $250.00, suggesting a potential upside of 2.05% from its previous close.
  • Salesforce reported $10.24 billion in revenue for the last quarter, beating analyst expectations, with earnings per share reaching $2.91.
  • The stock has seen significant activity, with CEO Marc Benioff selling 2,250 shares recently, and overall, 80.43% of Salesforce's shares are owned by institutional investors and hedge funds.
  • Five stocks to consider instead of Salesforce.

Salesforce (NYSE:CRM - Get Free Report)'s stock had its "neutral" rating reaffirmed by Macquarie in a note issued to investors on Thursday,Benzinga reports. They presently have a $250.00 target price on the CRM provider's stock. Macquarie's target price indicates a potential upside of 2.05% from the company's previous close.

A number of other research firms have also recently weighed in on CRM. Morgan Stanley upped their price objective on shares of Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. BMO Capital Markets lowered their price objective on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. UBS Group reduced their target price on Salesforce from $300.00 to $260.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Salesforce in a research report on Tuesday. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $325.72.

Check Out Our Latest Stock Report on Salesforce

Salesforce Stock Performance

CRM stock traded up $8.41 during midday trading on Thursday, hitting $244.99. 20,812,271 shares of the stock traded hands, compared to its average volume of 7,740,257. The stock's fifty day simple moving average is $244.22 and its 200-day simple moving average is $258.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce has a 1-year low of $226.48 and a 1-year high of $369.00. The firm has a market cap of $233.23 billion, a P/E ratio of 35.66, a PEG ratio of 2.07 and a beta of 1.19.

Salesforce (NYSE:CRM - Get Free Report) last announced 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. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business earned $2.56 EPS. Salesforce's revenue for the quarter was up 9.8% compared to the same quarter last year. 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 year.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $245.91, for a total transaction of $553,297.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,929,174,424.61. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 78,750 shares of company stock valued at $19,572,233 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Salesforce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Coign Capital Advisors LLC lifted its holdings 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 worth $586,000 after acquiring an additional 37 shares during the last quarter. Staley Capital Advisers Inc. grew its holdings in shares of Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock worth $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC increased its position in shares of Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in shares of Salesforce by 1.2% in the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. boosted its position in shares of Salesforce by 7.3% in the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

About Salesforce

(Get Free Report)

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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Analyst Recommendations for Salesforce (NYSE:CRM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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