Ergoteles LLC bought a new position in Salesforce in the first quarter valued at approximately $455,000. Large investors have recently bought and sold shares of the stock. Corporate insiders own 4.10% of the company’s stock. Over the last quarter, insiders have sold 117,435 shares of company stock valued at $22,329,398. The disclosure for this sale can be found here. Following the sale, the chief financial officer now owns 29,075 shares in the company, valued at approximately $4,991,596. The stock was sold at an average price of $171.68, for a total value of $87,556.80. Weaver sold 510 shares of the stock in a transaction on Monday, April 25th. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The stock was sold at an average price of $202.65, for a total transaction of $466,095.00. In other news, CEO Marc Benioff sold 2,300 shares of the stock in a transaction on Wednesday, March 16th. On average, research analysts predict that Salesforce will post 2.18 earnings per share for the current year. During the same period in the previous year, the company earned $0.74 EPS. The firm’s revenue was up 24.3% on a year-over-year basis. Salesforce had a return on equity of 3.92% and a net margin of 3.59%. The business had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.38 billion. The CRM provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. Salesforce ( NYSE:CRM – Get Rating) last announced its quarterly earnings results on Tuesday, May 31st. According to data from MarketBeat, Salesforce has an average rating of Buy and an average target price of $272.50. Four research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Finally, Wells Fargo & Company raised their price target on shares of Salesforce from $225.00 to $235.00 and gave the stock an overweight rating in a research note on Wednesday, June 1st. Stifel Nicolaus decreased their price target on shares of Salesforce from $300.00 to $250.00 in a research note on Wednesday, June 1st.
decreased their price target on shares of Salesforce from $316.00 to $275.00 in a research note on Wednesday, June 1st. Wedbush decreased their price target on shares of Salesforce from $315.00 to $275.00 and set an outperform rating on the stock in a research note on Wednesday, March 2nd.
Barclays lifted their target price on shares of Salesforce from $208.00 to $218.00 and gave the company an overweight rating in a research report on Wednesday, June 1st. Several brokerages have recently issued reports on CRM. Salesforce also updated its Q2 2023 guidance to $1.01-$1.02 EPS. The company issued revenue guidance of $31.70 billion-$31.80 billion, compared to the consensus revenue estimate of $32.06 billion. The company provided earnings per share guidance of $4.74-$4.76 for the period, compared to the consensus earnings per share estimate of $4.65. Salesforce ( NYSE:CRM – Get Rating) updated its FY 2023 earnings guidance on Tuesday.
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