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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Salesforce from $300.00 to $260.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 1st. Mizuho dropped their target price on Salesforce from $295.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, May 18th. Wells Fargo & Company boosted their price objective on Salesforce from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Salesforce from $300.00 to $260.00 in a research note on Wednesday, June 1st. Finally, Loop Capital cut their price target on shares of Salesforce from $225.00 to $175.00 and set a "hold" rating for the company in a report on Thursday, June 2nd. Four equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and an average target price of $270.51.

Salesforce Stock Performance

Salesforce stock traded up $3.03 on Monday, reaching $193.20. 55,815 shares of the stock were exchanged, compared to its average volume of 7,313,331. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Salesforce has a twelve month low of $154.55 and a twelve month high of $311.75. The firm has a fifty day moving average price of $175.12 and a two-hundred day moving average price of $188.69. The stock has a market cap of $192.23 billion, a PE ratio of 184.63, a PEG ratio of 5.22 and a beta of 1.08.

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

Insider Activity at Salesforce

In other news, CEO Marc Benioff sold 2,300 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $189.53, for a total transaction of $435,919.00. Following the transaction, the chief executive officer now owns 27,761,368 shares in the company, valued at approximately $5,261,612,077.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CRO Gavin Patterson sold 1,273 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total value of $216,957.39. Following the completion of the transaction, the executive now owns 16,263 shares of the company's stock, valued at $2,771,703.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 2,300 shares of the company's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $189.53, for a total value of $435,919.00. Following the completion of the sale, the chief executive officer now owns 27,761,368 shares in the company, valued at $5,261,612,077.04. The disclosure for this sale can be found here. Insiders sold a total of 77,749 shares of company stock worth $13,366,068 in the last ninety days. 3.60% of the stock is currently owned by insiders.