DA Davidson预测，Salesforce, Inc.（纽约证券交易所代码：CRM）将公布2024年第一季度每股收益0.99美元|salesforce_新浪财经

Salesforce, Inc. (NYSE:CRM – Get Rating) – Equities researchers at DA Davidson issued their Q1 2024 earnings estimates for shares of Salesforce in a research report issued to clients and investors on Thursday, March 2nd. DA Davidson analyst G. Luria anticipates that the CRM provider will earn $0.99 per share for the quarter. DA Davidson has a "Neutral" rating and a $180.00 price target on the stock. The consensus estimate for Salesforce's current full-year earnings is $3.15 per share.

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Salesforce (NYSE:CRM – Get Rating) last released its earnings results on Wednesday, March 1st. The CRM provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.36 by $0.32. The firm had revenue of $8.38 billion during the quarter, compared to analysts' expectations of $7.99 billion. Salesforce had a net margin of 0.66% and a return on equity of 4.48%. The business's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS.

Several other brokerages have also issued reports on CRM. Wolfe Research lowered shares of Salesforce from an "outperform" rating to a "market perform" rating in a report on Thursday, December 1st. Stifel Nicolaus lowered their target price on shares of Salesforce from $200.00 to $185.00 in a report on Monday, November 28th. Mizuho upped their target price on shares of Salesforce from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. JMP Securities reaffirmed a "market perform" rating and issued a $250.00 target price on shares of Salesforce in a report on Thursday. Finally, UBS Group upped their target price on shares of Salesforce from $162.00 to $210.00 and gave the stock a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.24.

Salesforce Trading Down 0.1 %

Shares of Salesforce stock opened at $186.43 on Monday. The firm has a market capitalization of $186.43 billion, a PE ratio of 887.80, a price-to-earnings-growth ratio of 3.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.02 and a quick ratio of 1.05. The company's fifty day moving average price is $156.87 and its two-hundred day moving average price is $153.12. Salesforce has a 52-week low of $126.34 and a 52-week high of $222.15.

Institutional Investors Weigh In On Salesforce

Several hedge funds have recently added to or reduced their stakes in CRM. Geller Advisors LLC grew its holdings in shares of Salesforce by 2.0% in the second quarter. Geller Advisors LLC now owns 2,752 shares of the CRM provider's stock worth $454,000 after acquiring an additional 54 shares during the period. Wellington Shields & Co. LLC grew its holdings in shares of Salesforce by 4.4% in the second quarter. Wellington Shields & Co. LLC now owns 1,301 shares of the CRM provider's stock worth $215,000 after acquiring an additional 55 shares during the period. Quad Cities Investment Group LLC grew its holdings in shares of Salesforce by 4.0% in the second quarter. Quad Cities Investment Group LLC now owns 1,562 shares of the CRM provider's stock worth $258,000 after acquiring an additional 60 shares during the period. Avory & Company LLC grew its holdings in shares of Salesforce by 1.8% in the fourth quarter. Avory & Company LLC now owns 3,441 shares of the CRM provider's stock worth $456,000 after acquiring an additional 60 shares during the period. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Salesforce by 30.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider's stock worth $36,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 75.83% of the company's stock.

Insider Transactions at Salesforce

In related news, CEO Bret Steven Taylor sold 1,034 shares of the firm's stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $128.55, for a total value of $132,920.70. Following the completion of the transaction, the chief executive officer now directly owns 901,195 shares of the company's stock, valued at $115,848,617.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Salesforce news, CAO Sundeep G. Reddy sold 186 shares of the firm's stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $155.59, for a total transaction of $28,939.74. Following the completion of the sale, the chief accounting officer now owns 1,273 shares of the company's stock, valued at approximately $198,066.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bret Steven Taylor sold 1,034 shares of the firm's stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $128.55, for a total value of $132,920.70. Following the sale, the chief executive officer now directly owns 901,195 shares of the company's stock, valued at approximately $115,848,617.25. The disclosure for this sale can be found here. Insiders sold 27,868 shares of company stock valued at $4,560,558 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

About Salesforce

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Salesforce, Inc engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.