---
title: "Salesforce (NYSE:CRM) Stock Price Down 1.3%"
description: "Salesforce (NYSE:CRM) stock price was down 1.3% on Monday, with trading volume declining by 83% compared to the average daily volume. Analyst ratings for Salesforce range from sell to strong buy, with"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/208271002.md"
published_at: "2024-07-08T18:42:15.000Z"
---

# Salesforce (NYSE:CRM) Stock Price Down 1.3%

> Salesforce (NYSE:CRM) stock price was down 1.3% on Monday, with trading volume declining by 83% compared to the average daily volume. Analyst ratings for Salesforce range from sell to strong buy, with an average rating of "Moderate Buy" and a target price of $292.79. The company recently declared a quarterly dividend and insiders have sold a significant amount of company stock. The market cap of Salesforce is $250.81 billion.

Salesforce, Inc. (NYSE:CRM - Get Free Report)'s share price was down 1.3% on Monday . The company traded as low as $259.68 and last traded at $259.86. Approximately 1,198,255 shares were traded during trading, a decline of 83% from the average daily volume of 6,897,592 shares. The stock had previously closed at $263.19.

## Analyst Ratings Changes

-   UiPath’s GenAI Expansion Could Skyrocket Its Value - Rally Ahead?

A number of research analysts have recently weighed in on CRM shares. Needham & Company LLC reissued a "buy" rating and set a $345.00 target price on shares of Salesforce in a research report on Thursday, May 30th. Canaccord Genuity Group dropped their price target on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, May 30th. Raymond James restated a "strong-buy" rating and set a $325.00 price target (down from $380.00) on shares of Salesforce in a research note on Thursday, May 30th. Wolfe Research restated an "outperform" rating and set a $365.00 price target on shares of Salesforce in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $310.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $292.79.

**Check Out Our Latest Analysis on Salesforce**

## Salesforce Stock Performance

-   Salesforce Stock: Meeting Recap, AI Focus, and Forecast

The company has a market cap of $250.81 billion, a PE ratio of 46.74, a PEG ratio of 2.31 and a beta of 1.29. The business's 50-day moving average is $258.26 and its 200 day moving average is $276.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. The company had revenue of $9.13 billion for the quarter, compared to analysts' expectations of $9.15 billion. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The firm's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. On average, equities research analysts predict that Salesforce, Inc. will post 7.47 EPS for the current fiscal year.

## Salesforce Dividend Announcement

-   Call Option Interest Soars in These 3 Stocks

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Tuesday, July 9th. Salesforce's dividend payout ratio (DPR) is presently 7.19%.

## Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 5,864 shares of the firm's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $274.77, for a total value of $1,611,251.28. Following the sale, the chief financial officer now owns 45,231 shares of the company's stock, valued at approximately $12,428,121.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $256.24, for a total transaction of $1,076,208.00. Following the sale, the insider now owns 116,693 shares of the company's stock, valued at approximately $29,901,414.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amy E. Weaver sold 5,864 shares of Salesforce stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $274.77, for a total transaction of $1,611,251.28. Following the sale, the chief financial officer now directly owns 45,231 shares in the company, valued at approximately $12,428,121.87. The disclosure for this sale can be found here. Insiders have sold a total of 469,152 shares of company stock valued at $127,249,111 in the last quarter. Insiders own 3.20% of the company's stock.

## Institutional Investors Weigh In On Salesforce

A number of large investors have recently modified their holdings of CRM. Ruedi Wealth Management Inc. boosted its stake in Salesforce by 186.7% during the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider's stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in Salesforce during the fourth quarter worth about $26,000. Signature Resources Capital Management LLC bought a new stake in Salesforce during the fourth quarter worth about $26,000. Red Tortoise LLC purchased a new position in Salesforce in the first quarter worth about $33,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Salesforce in the fourth quarter worth about $31,000. Institutional investors own 80.43% of the company's stock.

## Salesforce Company Profile

(Get Free Report)

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.

## Featured Articles

-   Five stocks we like better than Salesforce
-   Options Trading - Understanding Strike Price
-   Don’t Miss These Stock Picks for the Lumber Price Surge
-   How to Find Undervalued Stocks
-   NVIDIA Stock Defies Skeptics, Earns Analyst Upgrade
-   How to Know if a Stock Pays Dividends and When They Are Paid Out
-   3 Highly Profitable Companies Set for Double-Digit Upside

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ Market timing expert: “The next hot AI projects are NOT on the stock market.” (From Weiss Ratings) (Ad)## Should you invest $1,000 in Salesforce right now?

Before you consider Salesforce, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Salesforce wasn't on the list.

While Salesforce currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [CRM.US - Salesforce](https://longbridge.com/en/quote/CRM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 赛富时签署最终协议以收购 Momentum | Salesforce Inc：Salesforce 签署了收购 Momentum 的最终协议 - 网站 Salesforce：交易预计将在 Salesforce 2027 财年第一季度完成 - 网站 | [Link](https://longbridge.com/en/news/276276790.md) |
| SugarCRM 被列入 Constellation 收入智能 ShortList 名单 | SugarCRM 被列入了收入智能的 Constellation ShortList，突显其基于人工智能的销售自动化平台。此项认可强调了该平台通过分析来自各种客户接触点的数据来优化收入增长的能力。Constellation Research | [Link](https://longbridge.com/en/news/276241726.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| GRAIL｜8-K：2025 财年 Q4 营收 43.6 百万美元超过预期 |  | [Link](https://longbridge.com/en/news/276379877.md) |
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
