Salesforce - CRM Stock Forecast, Price & News

Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company's service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

Analysts Set New Price Targets

CRM has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $316.00 to $275.00 in a research note on Wednesday, June 1st. Oppenheimer reissued a "buy" rating and set a $205.00 target price on shares of Salesforce in a research note on Friday, June 17th. Barclays lifted their target price on shares of Salesforce from $208.00 to $218.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 1st. Morgan Stanley lowered their target price on shares of Salesforce from $360.00 to $291.00 in a research note on Monday, May 16th. Finally, William Blair reissued an "outperform" rating on shares of Salesforce in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $267.50.

Salesforce Stock Performance

Shares of NYSE:CRM traded up $3.16 during midday trading on Friday, hitting $189.89. The company's stock had a trading volume of 3,846,152 shares, compared to its average volume of 4,484,920. The stock has a fifty day moving average price of $176.37 and a 200 day moving average price of $187.86. Salesforce has a one year low of $154.55 and a one year high of $311.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $188.94 billion, a price-to-earnings ratio of 184.36, a P/E/G ratio of 5.21 and a beta of 1.08.

Salesforce (NYSE:CRM - Get Rating) last posted its quarterly earnings results on Tuesday, May 31st. The CRM provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Salesforce had a net margin of 3.59% and a return on equity of 3.92%. The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company's quarterly revenue was up 24.3% compared to the same quarter last year. On average, research analysts forecast that Salesforce will post 2.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,300 shares of the company's stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $188.29, for a total transaction of $433,067.00. Following the sale, the chief executive officer now owns 27,761,368 shares of the company's stock, valued at approximately $5,227,187,980.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Marc Benioff sold 2,300 shares of the company's stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $188.29, for a total transaction of $433,067.00. Following the sale, the chief executive officer now owns 27,761,368 shares of the company's stock, valued at approximately $5,227,187,980.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Parker Harris sold 973 shares of the company's stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $170.43, for a total transaction of $165,828.39. Following the sale, the insider now directly owns 93,103 shares in the company, valued at approximately $15,867,544.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,049 shares of company stock valued at $13,849,022. Company insiders own 3.60% of the company's stock.