Salesforce Inc (NYSE:CRM)’s traded shares stood at 4.06 million during the latest session, with the company’s beta value hitting 1.31. At the last check today, the stock’s price was $362.66, to imply a decrease of -1.42% or -$5.21 in intraday trading. The CRM share’s 52-week high remains $369.00, putting it -1.75% down since that peak but still an impressive 41.54% since price per share fell to its 52-week low of $212.00. The company has a valuation of $346.70B, with an average of 8.38 million shares in intraday trading volume over the past 10 days and average of 5.80 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Salesforce Inc (CRM), translating to a mean rating of 1.58. Of 35 analyst(s) looking at the stock, 0 analyst(s) give CRM a Sell rating. 2 of those analysts rate the stock as Overweight while 11 advise Hold as 22 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.62.

Salesforce Inc (NYSE:CRM) trade information

After registering a -1.42% downside in the latest session, Salesforce Inc (CRM) has traded red over the past five days. The 5-day price performance for the stock is 9.89%, and 21.91% over 30 days. With these gigs, the year-to-date price performance is 37.82%. Short interest in Salesforce Inc (NYSE:CRM) saw shorts transact 13.52 million shares and set a 2.69 days time to cover.

The extremes give us $300 and $400 for target low and target high price respectively. As such, CRM has been trading -10.3% off suggested target high and 17.28% from its likely low.

Salesforce Inc (CRM) estimates and forecasts

Looking at statistics comparing Salesforce Inc share performance against respective industry, we note that the company has outperformed competitors. Salesforce Inc (CRM) shares are 49.39% up over the last 6 months, with its year-to-date growth rate higher than industry average at 22.75% against 16.70%. The rating firms project that company’s revenue will grow 8.82% compared to the previous financial year.

Revenue forecast for the current quarter as set by 40 analysts is 10.04B. Meanwhile, for the current quarter, a total of 34 analyst(s) estimate revenue growth to 9.92B.Earnings reports from the last fiscal year show that sales brought in 9.29B and 9.13B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.06% before jumping 8.62% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 24.06% for the past 5-year period. While 2024 is set for a 22.20% return in earnings, projections for the next 5 years are at 16.09% annually.

CRM Dividends

Salesforce Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Salesforce Inc has a forward dividend ratio of 1.20, with the share yield ticking at 0.33% to continue the rising pattern observed over the past year.

Salesforce Inc (NYSE:CRM)’s Major holders

Salesforce Inc insiders hold 2.64% of total outstanding shares, with institutional holders owning 82.36% of the shares at 84.59% float percentage. In total, 82.36% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 86.27 million shares (or 8.8935% of shares), all amounting to roughly $22.18 billion.

The next major institution holding the largest number of shares is BLACKROCK INC. with 74.58 million shares, or about 7.6884% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $19.17 billion.