Salesforce, Inc. (NYSE:CRM – Free Report) – Equities research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of Salesforce in a research report issued on Thursday, November 30th. DA Davidson analyst G. Luria now forecasts that the CRM provider will post earnings of $7.07 per share for the year, up from their previous forecast of $6.39. The consensus estimate for Salesforce’s current full-year earnings is $5.87 per share.

Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, November 29th. The CRM provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Salesforce had a return on equity of 9.19% and a net margin of 7.63%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.

Other equities analysts have also recently issued research reports about the company. Argus upped their price target on Salesforce from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm increased their target price on Salesforce from $242.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, August 31st. StockNews.com cut Salesforce from a “strong-buy” rating to a “buy” rating in a report on Friday. Stifel Nicolaus increased their target price on Salesforce from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group increased their target price on Salesforce from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $255.44.

Read Our Latest Stock Analysis on CRM

Salesforce Stock Performance

NYSE CRM opened at $260.00 on Monday. The stock has a market capitalization of $252.98 billion, a price-to-earnings ratio of 98.86, a PEG ratio of 1.96 and a beta of 1.24. Salesforce has a twelve month low of $126.34 and a twelve month high of $263.43. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $211.63 and a 200 day moving average of $214.01.

Insider Activity

In other news, CAO Sundeep G. Reddy sold 164 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $200.97, for a total value of $32,959.08. Following the sale, the chief accounting officer now directly owns 2,576 shares in the company, valued at $517,698.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Salesforce news, CAO Sundeep G. Reddy sold 164 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $200.97, for a total value of $32,959.08. Following the sale, the chief accounting officer now directly owns 2,576 shares in the company, valued at $517,698.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy E. Weaver sold 16,277 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $225.73, for a total value of $3,674,207.21. Following the completion of the sale, the chief financial officer now owns 35,611 shares in the company, valued at $8,038,471.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 764,370 shares of company stock worth $165,344,853. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Salesforce

Several hedge funds have recently made changes to their positions in CRM. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Salesforce by 374.1% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 128 shares of the CRM provider’s stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Union Savings Bank purchased a new position in shares of Salesforce during the second quarter worth about $27,000. GHP Investment Advisors Inc. grew its holdings in shares of Salesforce by 30.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Live Oak Investment Partners purchased a new position in shares of Salesforce during the fourth quarter worth about $36,000. Finally, Peoples Bank KS purchased a new position in shares of Salesforce during the third quarter worth about $39,000. Hedge funds and other institutional investors own 77.52% of the company’s stock.

About Salesforce (Get Free Report)

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 relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.

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Original: MarketBeat News Feed: DA Davidson Comments on Salesforce, Inc.’s FY2025 Earnings (NYSE:CRM)