Salesforce (NYSE:CRM) Price Target Lowered to $315.00 at Piper Sandler

Salesforce (NYSE:CRM) had its price target reduced by Piper Sandler from $335.00 to $315.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the CRM provider’s stock.

CRM has been the topic of a number of other research reports. Erste Group Bank cut shares of Salesforce from a “buy” rating to a “hold” rating in a report on Thursday, June 5th. Northland Securities decreased their price target on shares of Salesforce from $423.00 to $396.00 and set an “outperform” rating on the stock in a report on Thursday, May 29th. Canaccord Genuity Group decreased their price target on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday. Stephens decreased their price target on shares of Salesforce from $311.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. Finally, Oppenheimer decreased their price target on shares of Salesforce from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.34.

Salesforce Trading Down 4.7%

Shares of CRM stock opened at $244.32 on Thursday. The company’s fifty day simple moving average is $256.08 and its two-hundred day simple moving average is $267.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07. Salesforce has a 1 year low of $226.48 and a 1 year high of $369.00. The stock has a market capitalization of $233.57 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.33 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.34%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is 25.98%.

Insiders Place Their Bets

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $251.66, for a total value of $566,235.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,997,665,957.86. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 63,827 shares of company stock valued at $16,342,398. Insiders own 3.00% of the company’s stock.

Institutional Trading of Salesforce

A number of hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Salesforce during the fourth quarter valued at about $25,000. Painted Porch Advisors LLC boosted its position in Salesforce by 260.0% during the second 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 during the period. Evolution Wealth Management Inc. purchased a new stake in Salesforce during the second quarter valued at about $27,000. Wood Tarver Financial Group LLC purchased a new stake in Salesforce during the fourth quarter valued at about $35,000. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. Institutional investors own 80.43% of the company’s stock.

About Salesforce

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.