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.

Salesforce Trading Down 0.8 %

Shares of Salesforce stock opened at $189.59 on Wednesday. The company's fifty day simple moving average is $176.58 and its 200-day simple moving average is $187.48. The company has a market cap of $188.64 billion, a price-to-earnings ratio of 184.07, a PEG ratio of 5.24 and a beta of 1.08. 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 1 year low of $154.55 and a 1 year high of $311.75.

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, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.38 billion. Salesforce had a net margin of 3.59% and a return on equity of 3.92%. Salesforce's quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, sell-side analysts expect that Salesforce will post 2.18 EPS for the current year.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of Salesforce in a research note on Wednesday, June 1st. Credit Suisse Group reduced their price objective on shares of Salesforce from $375.00 to $315.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. Cowen reduced their price objective on shares of Salesforce from $285.00 to $225.00 in a research note on Monday, May 23rd. Barclays upped their price objective on shares of Salesforce from $208.00 to $218.00 and gave the company an "overweight" rating in a research note on Wednesday, June 1st. Finally, Morgan Stanley reduced their price objective on shares of Salesforce from $291.00 to $273.00 and set an "overweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $267.05.

Insiders Place Their Bets

In other Salesforce news, insider Parker Harris sold 973 shares of Salesforce stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total transaction of $165,828.39. Following the sale, the insider now owns 93,103 shares in the company, valued at $15,867,544.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Salesforce news, insider Parker Harris sold 973 shares of Salesforce stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total transaction of $165,828.39. Following the sale, the insider now owns 93,103 shares in the company, valued at $15,867,544.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Gavin Patterson sold 1,273 shares of Salesforce stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $170.43, for a total transaction of $216,957.39. Following the sale, the executive now owns 16,263 shares in the company, valued at approximately $2,771,703.09. The disclosure for this sale can be found here. Insiders have sold 77,749 shares of company stock worth $13,542,984 over the last 90 days. Corporate insiders own 3.60% of the company's stock.