Salesforce (NYSE:CRM) Trading Down 2.5% – What’s Next?

Salesforce Inc. (NYSE:CRM) fell 2.5% during trading on Wednesday . The stock traded as low as $225.06 and last traded at $227.5920. 9,415,260 shares were traded during trading, an increase of 22% from the average session volume of 7,714,734 shares. The stock had previously closed at $233.50.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CRM shares. Royal Bank Of Canada cut their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Roth Capital restated a “buy” rating and set a $395.00 price objective on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Salesforce in a report on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $375.00 price target on shares of Salesforce in a research note on Thursday, October 16th. Twenty-five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.51.

Salesforce Trading Down 2.5%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s fifty day moving average is $245.83 and its two-hundred day moving average is $256.96. The firm has a market capitalization of $216.67 billion, a PE ratio of 33.08, a PEG ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities analysts predict that Salesforce Inc. 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. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Insider Activity

In related news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 63,122 shares of company stock worth $15,615,413. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Faithward Advisors LLC bought a new position in shares of Salesforce during the 3rd quarter valued at approximately $236,000. Sunbelt Securities Inc. lifted its stake in Salesforce by 1.6% in the third quarter. Sunbelt Securities Inc. now owns 3,923 shares of the CRM provider’s stock valued at $930,000 after purchasing an additional 62 shares during the last quarter. Aldebaran Financial Inc. grew its holdings in Salesforce by 6.5% during the third quarter. Aldebaran Financial Inc. now owns 4,446 shares of the CRM provider’s stock valued at $1,054,000 after purchasing an additional 270 shares during the period. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Salesforce in the third quarter valued at $11,795,000. Finally, Danske Bank A S purchased a new position in shares of Salesforce during the 3rd quarter valued at $199,095,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

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.