Salesforce (NYSE:CRM) Stock Price Down 3.9% – Time to Sell?

Salesforce Inc. (NYSE:CRM)’s share price dropped 3.9% during trading on Thursday . The company traded as low as $175.90 and last traded at $180.9530. 11,652,114 shares were traded during mid-day trading, a decline of 16% from the average session volume of 13,881,463 shares. The stock had previously closed at $188.38.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent research reports. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group began coverage on shares of Salesforce in a report on Thursday, June 18th. They issued a “neutral” rating on the stock. Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group raised Salesforce from a “buy” rating to a “buy” rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Salesforce in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.51.

Salesforce Stock Performance

The firm has a market cap of $150.98 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 0.98 and a beta of 1.18. The stock’s fifty day moving average is $170.34 and its two-hundred day moving average is $185.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The firm had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the business posted $2.58 EPS. Salesforce’s revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, analysts expect that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 11th. Salesforce’s payout ratio is 20.37%.

Institutional Investors Weigh In On Salesforce

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock valued at $611,000 after purchasing an additional 205 shares during the period. Bison Wealth LLC raised its stake in shares of Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Salesforce by 3.7% in the second quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after buying an additional 106 shares during the period. Finally, United Bank grew its holdings in Salesforce by 5.2% during the second quarter. United Bank now owns 10,198 shares of the CRM provider’s stock worth $2,781,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.