CRM

Brokers Offer Predictions for Salesforce, Inc.’s Q2 2025 Earnings (NYSE:CRM)

June 1, 2024

18 4 minutes read

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Salesforce, Inc. (NYSE:CRM – Free Report) – Investment analysts at DA Davidson issued their Q2 2025 EPS estimates for Salesforce in a report issued on Thursday, May 30th. DA Davidson analyst G. Luria anticipates that the CRM provider will earn $1.78 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $230.00 target price on the stock. The consensus estimate for Salesforce’s current full-year earnings is $7.45 per share. DA Davidson also issued estimates for Salesforce’s FY2025 earnings at $7.62 EPS and FY2026 earnings at $8.87 EPS.

Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.38 by $0.06. Salesforce had a return on equity of 11.62% and a net margin of 15.30%. The company had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. Salesforce’s revenue was up 10.7% on a year-over-year basis.

Several other brokerages have also issued reports on CRM. Wedbush dropped their price target on Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price target on shares of Salesforce in a research note on Friday, May 24th. Argus lifted their price objective on Salesforce from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets reduced their price target on Salesforce from $335.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, KeyCorp assumed coverage on Salesforce in a research note on Thursday, March 21st. They set a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.79.

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Salesforce Stock Performance

NYSE CRM opened at $234.52 on Friday. Salesforce has a 52-week low of $193.68 and a 52-week high of $318.71. The company has a fifty day moving average of $281.80 and a 200-day moving average of $275.59. The company has a market capitalization of $227.02 billion, a P/E ratio of 42.18, a P/E/G ratio of 2.40 and a beta of 1.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Buying and Selling at Salesforce

In related news, CAO Sundeep G. Reddy sold 2,425 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $273.15, for a total transaction of $662,388.75. Following the sale, the chief accounting officer now directly owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $216.66, for a total transaction of $3,249,900.00. Following the sale, the chief executive officer now directly owns 12,407,327 shares of the company’s stock, valued at $2,688,171,467.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sundeep G. Reddy sold 2,425 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total value of $662,388.75. Following the completion of the transaction, the chief accounting officer now directly owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,070 shares of company stock worth $182,912,726. 3.20% of the stock is owned by insiders.

Institutional Trading of Salesforce

Large investors have recently made changes to their positions in the stock. Maxwell Wealth Strategies Inc. lifted its stake in shares of Salesforce by 569.1% in the 1st quarter. Maxwell Wealth Strategies Inc. now owns 9,448 shares of the CRM provider’s stock worth $2,846,000 after purchasing an additional 8,036 shares during the period. Motiv8 Investments LLC raised its holdings in Salesforce by 20.1% in the 1st quarter. Motiv8 Investments LLC now owns 2,448 shares of the CRM provider’s stock worth $737,000 after purchasing an additional 409 shares during the period. Cetera Advisor Networks LLC grew its holdings in Salesforce by 7.1% during the first quarter. Cetera Advisor Networks LLC now owns 132,020 shares of the CRM provider’s stock valued at $39,762,000 after purchasing an additional 8,730 shares during the period. Cetera Advisors LLC raised its stake in shares of Salesforce by 27.1% in the first quarter. Cetera Advisors LLC now owns 131,076 shares of the CRM provider’s stock worth $39,477,000 after buying an additional 27,976 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Salesforce by 476.5% during the 1st quarter. Cetera Investment Advisers now owns 297,453 shares of the CRM provider’s stock valued at $89,587,000 after buying an additional 245,857 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

About Salesforce

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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.