Salesforce Inc (CRM) Quote

Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | June 14, 2024

• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.



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Salesforce Director Mason Morfit bought nearly $100M in stock on Monday following the -20% drop on earnings
By: TrendSpider | June 6, 2024

• $CRM INSIDER BUYING STOCK

Salesforce Director Mason Morfit bought nearly $100M in stock on Monday following the -20% drop on earnings.



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Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | June 6, 2024

• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.



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Salesforce posts first revenue miss since 2006
By: TrendSpider | June 2, 2024

• Salesforce posts first revenue miss since 2006.

Are you a buyer at 28x earnings? $CRM



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I find this price will be giving us another really great buying opportunity in the sessions to come.

The amount of $CRM insider selling over the last 12 months is INSANE. Not a single buyer in sight.
By: TrendSpider | June 2, 2024

• The amount of $CRM insider selling over the last 12 months is INSANE.

Not a single buyer in sight.



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Salesforce $CRM is the most oversold stock in the S&P 500
By: Barchart | June 1, 2024

• Salesforce $CRM is the most oversold stock in the S&P 500



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Dang, could have squeezed out a few more % today.
May The Name of the Lord be praised forever.

Im sold out $21.59

Sold $221.49

Buy $216.49 filled

$219.99 or better before I let go of the rest.
Happy Friday!!

Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | May 31, 2024

• Today (8:32 CST), the best performer in the DJIA is http://Salesforce.com Inc. CRM.



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The drop in Salesforce ($CRM) leaves behind a giant island top which is also a head and shoulders structure
By: Tom McClellan | May 30, 2024

• The drop in Salesforce ($CRM) leaves behind a giant island top which is also a head and shoulders structure. The down move almost got to the downside objective of that structure all at once. That does not mean the price has to stop, though.



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Sold 1/2 pre-mkt $18.80

$CRM $1.5 Million Call LEAP that was bought to open (Above the Ask)
By: Cheddar Flow | May 30, 2024

• $CRM is a call LEAP that was bought to open (Above the Ask)



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Wow cheap

Salesforce (CRM) Stock in Freefall After Earnings
By: Schaeffer's Investment Research | May 30, 2024

• Salesforce posted its first revenue miss since 2006, and the stock is suffering

• CRM options volume is running at 35 times the intraday average amount

Salesforce Inc (NYSE:CRM) stock is plunging this morning, last seen 18.5% lower to trade at $221.80, after the cloud software vendor disclosed a disappointing first-quarter earnings report. Salesforce reported its first quarterly revenue miss since 2006, issued weaker-than-expected guidance, and saw budget scrutiny and longer deal cycles for the quarter.

Options traders are flooding CRM in response. So far, 54,000 calls and 59,000 puts have been exchanged, which is 35 times the average daily volume. New positions are being bought to open at 16 of the top 20 contracts, led by the weekly 5/31 220-strike put.

No less than 25 analysts cut their price targets on Salesforce stock, the steepest coming from UBS to $250 from $310. These look long overdue, too, considering the 12-month consensus price target of $306.84 is a 37.7% premium to the equity's current perch.

Now at its lowest level since November 2023, CRM is pacing for its worst single-session percentage drop since 2020. The shares are also trading below their 320-day moving average for the first time since March 2023. Year to date, Salesforce stock is now down nearly 16%.

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Tasty price!

Salesforce falls as Q2 revenue forecast lower than estimates
By: Reuters | May 29, 2024

** Shares of cloud service provider Salesforce CRM fall 14% to $232.45 in extended trading

** Co forecast Q2 revenue between $9.20 bln and $9.25 bln compared with estimates of $9.37 bln- LSEG

** CRM reports Q1 revenue of $9.13 bln, missing estimate of $9.18 bln- LSEG

** Co returned $2.2 bln by way of share repurchases and $0.4 bln in dividend payments to stockholders

** Up to last close, stock had risen 3.4% YTD

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Salesforce Stock -$37.83 after reporting earnings, as I post.

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Salesforce $CRM Just Reported Earngs:
By: Evan | May 29, 2024

• SALESFORCE $CRM JUST REPORTED EARNINGS

EPS of $2.44 beating expectations of $2.37
Revenue of $9.13B missing expectations of $9.15B

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CRM 10Q expected 5/28

Salesforce Falls Out of Favor: Trade the Bear Put Spread Options Strategy
By: Tony Zhang | May 14, 2024

• Salesforce stock will likely trade within the $210 to $220 area.
• A bear put spread is a strategy to consider if you want to take advantage of the stock trading between $210 and $220.
• With CRM's earnings about three weeks away, a bear put spread could lower your cost of a bearish exposure.

Once a darling of the tech industry, Salesforce (CRM) had fallen out of favor until recently, when it hit a new all-time high earlier this year. Since then, though, investors have continued to shy away from this cloud computing stock as they focus on more pure AI-related companies, and Salesforce is at risk of turning lower again. As CRM matures and growth rates moderate, it simply cannot continue to command the industry-leading valuations it once did, and has to face the reality of its fundamentals.

Analyzing Salesforce

If you look at a five-year chart of CRM, you will see that the stock has traded within a significantly wide range of $130 to $310. Earlier this year, it revisited the upper bound of the range and attempted to break out higher to a new all-time high (see chart below). This quickly failed, and the stock reversed back into the range, with momentum recently turning negative. This suggests that CRM will likely continue to trade back towards the midpoint of the range, i.e., in the $210–220 area.



CHART 1. DAILY CHART OF SALESFORCE (CRM) STOCK. CRM's stock price tested a resistance level and turned lower. Momentum is also negative, which means the stock is likely to move lower.
Chart source: StockCharts.com. For educational purposes.

CRM currently trades at over 28x forward earnings, which flies in the face of growth rates that have moderated significantly over the past 12 months. After averaging EPS growth of over 45% over the past three years, future EPS growth is expected to slow to just a third of that at 16%. Revenue growth is expected to drop to under 10%. This makes a valuation that is 40% higher than the S&P 500 harder to justify when growth rates are slowing down significantly...

* * *

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Bull Signal Flashing for Salesforce.com, inc. (CRM) Stock
By: Schaeffer's Investment Research | April 22, 2024

• The equity's 126-day moving average acted as a springboard in the past

• CRM is overdue for a near-term bounce

Salesforce.com, inc. (NYSE:CRM) stock is 0.2% higher at $270.90 at last glance. Shares of the blue-chip cloud technology stock recently suffered a bear gap on the charts that pulled it away form its March 1, record high of $318.72. The equity has shed 11.6% over the last month and is now closing in on its year-to-date breakeven mark, though a historically bullish trendline could help turn things around.

Specifically, Salesforce.com stock just came within one standard deviation of its 126-day moving average, after months spent above this trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, one similar signal was seen over the last three years. CRM enjoyed a positive return one month later after that instance, snagging a 5.5% gain. From its current perch, a comparable move would place the security at nearly $286.



The stock's 50-day put/call volume ratio of 0.91 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) is in the elevated 85th percentile of its annual range. This suggests a very healthy appetite for long puts of late, and an unwinding of this pessimism could help the stock move higher.

The stock's "oversold" 14-day relative strength index (RSI) of 23.9 points to near-term tailwinds. Options are affordable at the moment too, per Salesforce.com stock's Schaeffer's Volatility Index (SVI) of 29% that ranks in the 20th percentile.

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Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | April 22, 2024

• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.



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What CRM do you usually use for trading? I'm also curious about integrating a data enrichment platformto gain deeper insights into potential clients. Have you had any experience with that combination?

Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | March 6, 2024

• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.



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Salesforce $CRM decent Call roll
By: Flowrensics | March 5, 2024

• $CRM decent roll.



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2 Cloud Stocks In Focus After Earnings
By: Schaeffer's Investment Research | February 29, 2024

• Snowflake and Salesforce.com both reported fourth-quarter results

• Analysts are targeting both stocks

Snowflake Inc (NYSE:SNOW) and Salesforce Inc (NYSE:CRM) are moving in vastly different directions today, after the cloud computing companies both reported quarterly results.

SNOW FALLS AFTER ICE-COLD FORECAST, C-SUITE CHANGE

Shares of cloud data storage name Snowflake are 19.4% lower at last glance, last seen trading at $185.44. Not only did the company's first-quarter outlook disappoint, CEO Frank Slootman, who took the company public in 2020, is also retiring.

In response, SNOW drew a slew of bear notes, including at least 20 price-target cuts. Most notable was Morgan Stanley's note, which included a downgrade to "equal weight" from "overweight" and a price-target cut to $175 from $230. The 12-month target price of $230.15 is a 24.8% premium to current levels, while 26 of 39 covering brokerages still rate SNOW a "buy" or better. This means more bear notes could be on the way.

Today's fall dragged Snowflake stock below its year-to-date breakeven level, now down 7.1% in 2024. The equity also just crossed back below its 80-day moving average for the first time since early November.

ANALYSTS LIFT BLUE CHIP'S PRICE TARGET

The brokerage bunch is chiming in on Dow component Salesforce stock as well, after the company's downbeat annual revenue growth forecast. This was lighter than what analysts expected, but sentiment got a boost from better-than-expected fourth-quarter earnings and revenue.

No fewer than 20 analysts lifted their price targets on the tech stock. Raymond James looks to be the most optimistic, moving all the way up to $380 from $300. There's room for upgrades, too, considering 13 of 40 covering firms rate CRM a "hold" or "strong sell."

Last seen up 1.1% to trade at $303.29, the stock earlier secured a fresh two-year high of $308.50. On a closing basis, the $280 level stepped up to save two recent pullbacks, and more recently the $295 area has acted as a floor. Salesforce stock is up more than 81% in the last 12 months, and now boasts a nearly 15% year-to-date lead.

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THESE CROOKS ALWAYS COOKS THEIR BOOKS!!!!!!!!!

Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM
By: Thom Hartle | February 23, 2024

• Today (8:32 CST), the best performer in the DJIA is http://Salesforce.com Inc. CRM.



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Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | February 22, 2024

• Today (8:32 CST), the best performer in the DJIA is http://Salesforce.com Inc. CRM.



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Today (8:34 CST), the best performer in the DJIA is Salesforce.com Inc. CRM
By: Thom Hartle | February 14, 2024

• Today (8:34 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.



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CRM new 52 week high

Salesforce is cutting 700 jobs - WSJ
By: Investing | January 26, 2024

Salesforce (NYSE:CRM) is set to lay off approximately 700 employees, constituting around 1% of its workforce, according to the Wall Street Journal.

The cloud-based customer-relationship management software company had undertaken a more significant reduction of 10% (about 8,000 employees) one year ago in response to investor pressure to cut costs.

The current layoffs are part of Salesforce's ongoing efforts to focus spending on growth, with the company still having around 1,000 open positions across various departments. This move is seen as a routine adjustment of the workforce rather than a significant shift in strategy.

Salesforce's decision comes after facing challenges in the previous year, dealing with a post-pandemic sales slowdown that impacted its growth. Activist investors, including Elliott Management, sought to increase the company's profit margins more rapidly than originally planned.

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$CRM Not a single insider buy in sight
By: TrendSpider | January 24, 2024

• $CRM Not a single insider buy in sight.



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CRM new 52 week high

CRM new week high

Salesforce $CRM nice move last week, 275 big reistance. Watch for dips to the 8D
By: Options Mike | January 15, 2024

• $CRM nice move last week, 275 big reistance.

Watch for dips to the 8D.



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CRM new 52 week high

Salesforce (CRM) Stock is Heavily in Demand
By: Lucas Downey | December 26, 2023

• Salesforce.com, Inc. (CRM) shares have more than doubled, up 101% this year. What’s incredible is how the shares have traded recently.

Salesforce Shares are Surge with Inflows

Over the past year, CRM’s stock has climbed alongside increasing volumes. That’s indicative of healthy institutional support.

Each green bar signals unusual increasing volumes in CRM shares, pushing the stock higher:


Source: www.mapsignals.com

Few stocks have charts this strong. Recent green bars suggest healthy demand. Now, let’s check the fundamental story.

Salesforce Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, CRM has had positive sales & earnings growth in recent years:

• 3-year sales growth rate (+13.8%)
• 3-year EPS growth rate (+65%)

Source: FactSet

Now it makes sense why the stock has been powering higher. CRM is an earnings powerhouse.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Check this out. Salesforce has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report many times. The blue bars below shows when CRM was a top pick:


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trend that’s hard to fight.

Salesforce Price Prediction

The CRM rally began months ago. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

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Salesforce $CRM +99% YTD One of 4 DJIA winners +50% or more in 2023
By: Mike Zaccardi | December 21, 2023

• $CRM +99% YTD
One of 4 DJIA winners +50% or more in 2023



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2024 is the year to own Salesforce (CRM), says Wolfe Research
By: Investing | December 18, 2023

Wolfe Research upgraded Salesforce (NYSE:CRM) stock to Outperform from Peer Perform with a $315 price target on Monday. The firm believes that 2024 is the year to own Salesforce, citing several reasons for its optimism.

"Last year we downgraded CRM to PP after F3Q23 earnings given the combination of growth deceleration, management disruption, lack of commitment to margin leverage and incremental execution risk from M&A mis-adventures," analysts wrote in the note. "Fast forward 365 days (and a few good activists), and we think CY24 is the year to own this value growth stock."

The analysts' core thesis is that Salesforce's growth has bottomed and should stay in the double digits for the foreseeable future, driven by pricing increases, product cycles, and artificial intelligence (AI). They also believe that Salesforce is committed to margin leverage and that its leadership team is stable.

Despite mixed field checks, the company's third quarter showed that Salesforce is back to executing, with Cloud Commerce (CC) cRPO growth accelerating to 13% and non-GAAP operating margins expanding from 23% to 31%.

Wolfe Research is also bullish on Salesforce's prospects from its GenAI-driven product cycle, which includes Data Cloud and Einstein GPT. The investment firm said its checks suggest Data Cloud is in nearly all conversations and that it was part of six of the top ten deals in the most recent quarter.

Additionally, Salesforce added 1,000 new Data Cloud customers and 17% of the Fortune 100 are now Einstein GPT Copilot customers, Wolfe Research noted.

Analysts also see double-digit upside to consensus free cash flow (FCF) estimates over the next two years. They also stated that "30% operating margins are cool, but getting to 40% over the next few years would be iconic."

"The company's shift to profitability has caused shares to re-rate, and we continue to see upside to FCF and EPS targets all while CRM is entering a product cycle around GenAI," said Wolfe Research. "We believe adoption of new products and sustained pricing power can drive double-digit top-line growth in 2024, all while margins continue to inflect as the risk or large scale dilutive M&A appears to be dissipating."

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Salesforce is a $10+ earnings story in 2025 - Jefferies
By: Investing | December 15, 2023

Salesforce (NYSE:CRM) hosted its World Tour event in New York City this week with the keynotes addressing the company's expanded capabilities of Einstein and Data Cloud, including vector databases and RAG search, Einstein Copilot, and enhanced integrations with Apple.

Reacting to the event, analysts at Jefferies, who have a Buy rating and a $300 per share price target on the stock, said they came away incrementally positive on management's pricing and packaging announcements in order to encourage Data Cloud adoption.

"First, mgmt. will offer Data Cloud and Tableau for free to all customers (with limitations)," the analysts wrote. "Second, mgmt. announced Unlimited+ SKUs for Sales and Service Clouds, which include Slack, Gen AI capabilities, and Data Cloud credits. We believe these incremental announcements are intended to increase Data Cloud adoption."

Despite the more than 90% move up so far in 2023, Jefferies sees CRM as a "$10+ earnings story" in the 2025 calendar year.

Elsewhere, analysts at Citi, who have a Neutral rating and $265 price target on the stock, said that with vector databases and RAG search towards the peak of the hype cycle around GenAI technology at the moment, they "see the new product announcements from CRM as more of a PR/mindshare goal, with the adoption gated by the maturity/scale of customers' Data Cloud environments, which are still early."

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'Since July, Marc Benioff has been selling about $3 million worth of Salesforce shares almost daily. Including a smaller selling streak earlier in the year, Benioff has unloaded more than $475 million worth of shares in 170 or so transactions.'
By: Jesse Felder | December 13, 2023

• 'Since July, Marc Benioff has been selling about $3 million worth of Salesforce shares almost daily. Including a smaller selling streak earlier in the year, Benioff has unloaded more than $475 million worth of shares in 170 or so transactions.'

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Salesforce $CRM Very tight consolidation pattern.. 255 clear if you want to be safe
By: Options Mike | December 10, 2023

• $CRM Very tight consolidation pattern.. 255 clear if you want to be safe.



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Salesforce (CRM) Paradigm Shift: End of Easy Tech Sales Era
By: Investing | December 8, 2023

Quiver Quantitative - At Salesforce (NYSE:CRM), the traditionally buoyant culture of cushy tech jobs is undergoing a Darwinian transformation, signaling a shift in Silicon Valley’s work environment. Once a haven for employees like Kenny, a former software salesman who thrived in the company’s laid-back yet rewarding atmosphere, Salesforce is now at the forefront of a more competitive and demanding industry paradigm. This change comes amidst a broader recalibration in the technology sector, where sales and marketing roles are facing greater scrutiny and higher performance demands.

The golden age of tech sales, especially in companies like Salesforce, where non-engineers could reap substantial financial rewards, seems to be waning. Marc Benioff, co-founder and CEO, pioneered an era of exponential growth through aggressive sales and marketing strategies. However, the recent industry downturn has led to significant layoffs, particularly in sales and marketing departments, with Salesforce employees in these roles being four times more likely to be cut than their engineering counterparts. This shift is evident not just at Salesforce but across various tech firms, reflecting a changing landscape where the value and necessity of sales teams are being re-evaluated.

Salesforce’s transformation underlines a more profound shift in the company's strategy and culture. The once employee-friendly environment is increasingly adopting a performance-driven approach. The company, known for its ethos of "ohana" – a term for family – and its benevolent public image under Benioff’s leadership, is now emphasizing efficiency and productivity. These changes, necessitated by market pressures and investor expectations, mark a departure from the more relaxed and generous culture that characterized Salesforce and similar tech companies in their earlier years.

This new phase in Salesforce’s evolution, and by extension Silicon Valley’s work culture, raises questions about the future of tech sales as a lucrative career path. The era of easy entry into the upper echelons of the economic ladder through tech sales may be coming to an end, replaced by a more challenging and competitive environment. This shift could potentially redefine what it means to work in tech, moving away from the perceived ease and comfort of sales roles to a more demanding and results-oriented landscape.

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Salesforce $CRM They loved that report, needs to cool off. RSI about as hot as it can get. Like it after some consolidation
By: Options Mike | December 3, 2023

• $CRM They loved that report, needs to cool off. RSI about as hot as it can get.

Like it after some consolidation.



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Loaded 250 puts.