Salesforce Inc. (NYSE:CRM – Get Free Report) Director David Blair Kirk purchased 4,176 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was bought at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through <a href="http://www.sec.gov/Archives/edgar/data/1108524/000110852426000212/xslF345X06/form4.xml” rel=”nofollow noopener” target=”_blank”>this hyperlink.
Salesforce Stock Performance
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Shares of NYSE:CRM traded down $1.41 on Monday, hitting $236.51. 10,041,556 shares of the company were exchanged, compared to its average volume of 14,037,303. The company’s 50 day moving average price is $208.91 and its two-hundred day moving average price is $189.22. The firm has a market capitalization of $194.65 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.09 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11.
Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter last year, the company earned $2.91 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts expect that Salesforce Inc. will post 12.82 earnings per share for the current year.
Salesforce Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 16.04%.
Wall Street Analysts Forecast Growth
CRM has been the subject of several research reports. Wells Fargo & Company raised their target price on Salesforce from $230.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Sandler cut shares of Salesforce from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 28th. Argus raised their price objective on shares of Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Mizuho lifted their target price on shares of Salesforce from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, Wolfe Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.14.
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