Salesforce’s (CRM) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Salesforce (NYSE:CRM) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $325.00 target price on the CRM provider’s stock.

CRM has been the subject of several other research reports. Macquarie reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Salesforce in a research note on Thursday, October 16th. Royal Bank Of Canada reduced their price target on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Mizuho lowered their price objective on Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Citigroup boosted their target price on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 target price for the company. in a research report on Tuesday, October 14th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $322.86.

Salesforce Stock Down 2.5%

CRM opened at $228.27 on Tuesday. The company has a market capitalization of $217.31 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 fifty-two week low of $221.96 and a fifty-two week high of $369.00. The business has a 50-day moving average of $243.78 and a 200-day moving average of $254.90.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities research analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is currently 24.13%.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $242.91, for a total transaction of $546,547.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,893,439,711.61. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was bought at an average price of $254.66 per share, with a total value of $865,844.00. Following the purchase, the director owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 54,122 shares of company stock worth $13,367,438 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Salesforce

Several institutional investors have recently modified their holdings of CRM. Painted Porch Advisors LLC raised its stake in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Marquette Asset Management LLC bought a new stake in Salesforce in the third quarter valued at about $26,000. Evolution Wealth Management Inc. acquired a new position in Salesforce in the second quarter worth about $27,000. Texas Capital Bancshares Inc TX acquired a new position in Salesforce in the third quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Company Profile

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.