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

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Salesforce from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, June 1st. BMO Capital Markets cut their price target on shares of Salesforce from $260.00 to $225.00 in a research report on Wednesday, June 1st. Loop Capital cut their price target on shares of Salesforce from $225.00 to $175.00 and set a "hold" rating on the stock in a research report on Thursday, June 2nd. William Blair reissued an "outperform" rating on shares of Salesforce in a research report on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Salesforce from $300.00 to $260.00 in a research report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $267.50.

Salesforce Trading Up 0.0 %

Shares of Salesforce stock traded up $0.01 during trading on Monday, reaching $189.90. The company's stock had a trading volume of 14,743 shares, compared to its average volume of 7,215,837. Salesforce has a 52-week low of $154.55 and a 52-week high of $311.75. The company has a market cap of $188.95 billion, a price-to-earnings ratio of 183.79, a PEG ratio of 5.21 and a beta of 1.08. The firm's 50-day moving average is $176.37 and its two-hundred day moving average is $187.68. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.16.

Salesforce (NYSE:CRM - Get Rating) last announced its quarterly earnings data 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 net margin of 3.59% and a return on equity of 3.92%. The company had revenue of $7.41 billion during the quarter, compared to analysts' expectations of $7.38 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm's revenue was up 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that Salesforce will post 2.18 earnings per share for the current year.

Insider Activity at Salesforce

In other Salesforce news, insider Parker Harris sold 973 shares of the company's stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total value of $165,828.39. Following the completion of the transaction, the insider now directly owns 93,103 shares in the company, valued at approximately $15,867,544.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Parker Harris sold 973 shares of the company's stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total value of $165,828.39. Following the sale, the insider now directly owns 93,103 shares of the company's stock, valued at approximately $15,867,544.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marc Benioff sold 2,300 shares of the 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 sale, the chief executive officer now directly 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 77,749 shares of company stock worth $13,470,994 in the last three months. 3.60% of the stock is owned by insiders.