Salesforce’s (CRM) Overweight Rating Reaffirmed at Cantor Fitzgerald

Salesforce (NYSE:CRM)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued on Tuesday,Benzinga reports. They currently have a $325.00 price objective on the CRM provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 43.36% from the company’s current price.

Several other equities analysts have also recently weighed in on CRM. Wells Fargo & Company cut their price objective on Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Macquarie reiterated a “neutral” rating and set a $250.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Canaccord Genuity Group lowered their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Wedbush restated an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a report on Thursday, October 16th. Finally, UBS Group dropped their target price on Salesforce from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.51.

Salesforce Stock Down 0.2%

Shares of NYSE CRM opened at $226.70 on Tuesday. Salesforce has a 52-week low of $221.96 and a 52-week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $215.82 billion, a P/E ratio of 32.95, a P/E/G ratio of 2.11 and a beta of 1.19. The firm has a 50 day moving average price of $244.48 and a 200 day moving average price of $255.57.

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

Insider Buying and Selling

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $248.19, for a total value of $558,427.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,956,332,806.49. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Blair Kirk acquired 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,622 shares of company stock worth $14,501,123. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Salesforce

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