DA Davidson Brokers Cut Earnings Estimates for Salesforce

Salesforce, Inc. (NYSE:CRM) – Analysts at DA Davidson decreased their FY2025 earnings per share estimates for Salesforce in a research report issued on Wednesday, December 4th. DA Davidson analyst G. Luria now forecasts that the CRM provider will post earnings per share of $7.48 for the year, down from their prior forecast of $7.56. DA Davidson currently has a “Neutral” rating and a $300.00 target price on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.55 per share. DA Davidson also issued estimates for Salesforce’s Q4 2025 earnings at $1.97 EPS and FY2026 earnings at $8.60 EPS.

Several other equities analysts have also recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of Salesforce from $234.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Raymond James lifted their price target on Salesforce from $325.00 to $350.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 29th. Scotiabank upped their price objective on Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their price target on shares of Salesforce from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $372.86.

Salesforce Stock Down 1.8 %

CRM opened at $361.14 on Thursday. Salesforce has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $308.26 and its 200 day moving average is $272.43. The firm has a market capitalization of $345.25 billion, a P/E ratio of 59.40, a PEG ratio of 3.00 and a beta of 1.30.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.31%. Salesforce’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.62 earnings per share.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. Salesforce’s dividend payout ratio is presently 26.32%.

Insiders Place Their Bets

In related news, insider Miguel Milano sold 719 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the transaction, the insider now directly owns 4,659 shares of the company’s stock, valued at approximately $1,597,151.79. This trade represents a 13.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brian Millham sold 14,808 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $338.95, for a total value of $5,019,171.60. The disclosure for this sale can be found here. Insiders sold a total of 140,982 shares of company stock valued at $41,591,457 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Salesforce

A number of large investors have recently added to or reduced their stakes in CRM. Veritas Asset Management LLP purchased a new stake in Salesforce during the 3rd quarter valued at about $733,805,000. Massachusetts Financial Services Co. MA lifted its position in Salesforce by 48.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,906,877 shares of the CRM provider’s stock valued at $1,518,658,000 after purchasing an additional 1,922,674 shares during the last quarter. KBC Group NV boosted its stake in shares of Salesforce by 171.2% during the third quarter. KBC Group NV now owns 1,634,834 shares of the CRM provider’s stock valued at $447,470,000 after purchasing an additional 1,032,068 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Salesforce by 23,664.2% in the third quarter. International Assets Investment Management LLC now owns 1,002,848 shares of the CRM provider’s stock worth $274,490,000 after purchasing an additional 998,628 shares during the last quarter. Finally, Farallon Capital Management LLC increased its stake in shares of Salesforce by 51.0% in the second quarter. Farallon Capital Management LLC now owns 2,946,838 shares of the CRM provider’s stock worth $757,632,000 after buying an additional 994,670 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Company Profile

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.