| Profitability | 77/100 |
| Growth | 66/100 |
| Momentum | 92/100 |
| Quality | 78/100 |
| Earnings Quality | 74/100 |
| Balance Sheet | 58/100 |
| Value | 57/100 |
| Risk (safety) | 50/100 |
| Overall | 72.5/100 |
| Symbol | IS Score |
|---|---|
| SHOP | 68 |
| NOW | 66 |
| UBER | 62 |
| ADP | 54 |
| SNOW | 58 |
| ADBE | 79 |
| CRM | 72 |
Both readings sit above the midpoint — business quality at 72 and price structure at 74 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 72.5 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 76 → 75 → 70 → 72 | the direction matters more than the level |
| Technical vote share back above 50% | now 91% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 3,082 → now 2,482 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% |
|---|---|---|---|---|
| 2026 Q2 | 2,482 | 706.8M | $107.9B | 86.2% |
| 2026 Q1 | 2,675 | 737.9M | $135.6B | 90.0% |
| 2025 Q4 | 2,934 | 809.5M | $196.9B | 98.7% |
| 2025 Q3 | 2,786 | 764.1M | $176.0B | 93.2% |
| 2025 Q2 | 2,936 | 770.7M | $205.4B | 94.0% |
| 2025 Q1 | 2,929 | 783.2M | $204.1B | 95.5% |
| 2024 Q4 | 3,082 | 774.6M | $250.9B | 94.5% |
| 2024 Q3 | 2,629 | 763.7M | $201.8B | 93.1% |
| 2024 Q2 | 2,605 | 773.5M | $192.1B | 94.3% |
| 2024 Q1 | 2,747 | 783.7M | $225.6B | 95.6% |
| 2023 Q4 | 2,577 | 781.7M | $196.3B | 95.3% |
| 2023 Q3 | 2,266 | 763.0M | $148.6B | 93.0% |
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Milano Miguel | President and COO | 2026-09-22 | EXERCISE | 1,015 | — | 33,234 |
| Milano Miguel | President and COO | 2026-09-22 | TAX W/H | 400 | $0.09M | 32,834 |
| Milano Miguel | President and COO | 2026-09-22 | EXERCISE | 1,526 | — | 34,360 |
| Milano Miguel | President and COO | 2026-09-22 | TAX W/H | 601 | $0.14M | 33,759 |
| Milano Miguel | President and COO | 2026-09-22 | EXERCISE | 1,015 | — | 6,093 |
| Milano Miguel | President and COO | 2026-09-22 | EXERCISE | 1,526 | — | 15,259 |
| Washington Robin L | director, President and COFO | 2026-09-22 | EXERCISE | 1,831 | — | 50,658 |
| Washington Robin L | director, President and COFO | 2026-09-22 | TAX W/H | 908 | $0.21M | 49,750 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 2 | 4,500 | $1.2M | Counted |
| P — Open-market purchases | 4 | 9,317 | $2.0M | Counted |
| M — Exercises (paired A/D) | 54 | 80,157 | — | None — mechanics |
| F — Tax withholding | 42 | 97,717 | $19.6M | None — compensation |
| G — Gifts | 1 | 16,000 | — | None |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-09-04 | Craig Conway | 4,500 | $1.2M |
| 2026-08-27 | Sundeep Reddy | 5,250 | $1.2M |
| 2026-01-14 | Neelie Kroes | 3,893 | $0.9M |
| 2025-12-02 | Parker Harris | 134,662 | $31.6M |
| Trailing 12 mo | 5 filings | 200,177 | $47M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-04-30 | SCHEDULE 13G | Vanguard Capital Management | 7.42% | 68.6M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Maria Elvira Salazar | House | SELL | $1,001 - $15,000 | 2026-09-24 | 2026-10-08 |
| Tony Wied | House | BUY | $15,001 - $50,000 | 2026-08-14 | 2026-09-07 |
| Ro Khanna | House | BUY | $1,001 - $15,000 | 2026-08-10 | 2026-09-07 |
| Alan Armstrong | Senate | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-21 |
| Alan Armstrong | Senate | BUY | $1,001 - $15,000 | 2026-03-27 | 2026-07-20 |
| Markwayne Mullin | Senate | BUY | $15,001 - $50,000 | 2025-12-29 | 2026-01-16 |
| Manager | Shares | Value |
|---|---|---|
| Sustainable Growth Advisers, Lp | 1.0M | $232M |
| Assenagon Asset Management S.A. | 917,593 | $211M |
| Fort Washington Investment Advisor | 874,178 | $201M |
| Vontobel Holding Ltd. | 632,715 | $145M |
| Douglas Lane & Associates, Llc | 367,924 | $84M |
| Banque Pictet & Cie Sa | 339,496 | $78M |
| Fund | Weight | Position |
|---|---|---|
| VITSX | 0.2% | $5.7B |
| VTI | 0.2% | $5.7B |
| VTSAX | 0.2% | $5.7B |
| VSMPX | 0.2% | $5.7B |
| VOO | 0.3% | $4.9B |
| VFINX | 0.3% | $4.9B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 13.8M | 65 sh |
| Ubsa Ubs Ats | 12.1M | 69 sh |
| Sgmt Sigma X2 | 7.3M | 65 sh |
| Ebxl Level Ats | 6.1M | 38 sh |
| Mlix Instinct X | 4.8M | 76 sh |
| Pure Purestream | 4.3M | 55 sh |
| Region | Revenue | Share |
|---|---|---|
| Americas | $27.2B | 65% |
| Europe | $10.0B | 24% |
| Asia Pacific | $4.3B | 10% |
Moat score 61/100 — Narrow; primary source Network Effects.
| Officer | Title |
|---|---|
| Robin L. Washington | President, Chief Operating & Financial Officer and Director |
| Marc R. Benioff | Co-Founder, Chairman & Chief Executive Officer |
| Alexa Vignone | President & Chief Revenue Officer |
| Miguel Milano | President & COO |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | +24.7% | +18.3% | +11.2% | +8.7% | +9.6% |
| Gross profit | +23.1% | +18.1% | +14.5% | +11.2% | +10.3% |
| Operating income | +20.4% | +88.0% | +386.5% | +43.8% | +23.8% |
| Net income | -64.5% | -85.6% | +1888.5% | +49.8% | +20.3% |
| $B · FY ends | FY22 | FY23 | FY24 | FY25 | FY26 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 26.5 | 31.4 | 34.9 | 37.9 | 41.5 | |
| Cost of revenue | 7.0 | 8.4 | 8.5 | 8.6 | 9.3 | |
| Gross profit | 19.5 | 23.0 | 26.3 | 29.3 | 32.3 | |
| R&D expense | 4.5 | 5.1 | 4.9 | 5.5 | 6.0 | |
| SG&A expense | 14.5 | 16.1 | 15.4 | 16.1 | 17.3 | |
| Operating income | 0.5 | 1.0 | 5.0 | 7.2 | 8.9 | |
| EBITDA | 3.8 | 5.6 | 9.2 | 11.1 | 13.2 | |
| D&A | 3.3 | 3.8 | 3.2 | 3.5 | 3.6 | |
| Pretax income | 1.5 | 0.7 | 5.0 | 7.4 | 9.5 | |
| Income tax | 0.1 | 0.5 | 0.8 | 1.2 | 2.1 | |
| Net income | 1.4 | 0.2 | 4.1 | 6.2 | 7.5 | |
| Diluted EPS ($) | 1.48 | 0.21 | 4.20 | 6.36 | 7.80 | |
| Diluted shares (M) | 974 | 997 | 984 | 974 | 956 |
| $B | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | 7.0 | 8.5 | 8.8 | 7.3 | |
| ST investments | 5.5 | 5.7 | 5.2 | 2.2 | |
| Receivables (net) | 10.8 | 11.4 | 11.9 | 14.3 | |
| Total current assets | 26.4 | 29.1 | 29.7 | 28.2 | |
| PP&E (net) | 6.6 | 6.1 | 5.4 | 5.1 | |
| Goodwill + intangibles | 55.7 | 53.9 | 55.7 | 64.8 | |
| Total assets | 98.8 | 99.8 | 102.9 | 112.3 | |
| Accounts payable | 0.0 | 0.0 | 0.0 | 0.0 | |
| Short-term debt | 1.2 | 1.0 | 0.0 | 4.0 | |
| Deferred revenue | 17.4 | 19.0 | 20.7 | 24.3 | |
| Total current liabilities | 25.9 | 26.6 | 28.0 | 37.1 | |
| Long-term debt | 9.4 | 8.4 | 8.4 | 10.4 | |
| Total liabilities | 40.5 | 40.2 | 41.8 | 53.2 | |
| Shareholders' equity | 58.4 | 59.6 | 61.2 | 59.1 |
| $B | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Net income | 0.2 | 4.1 | 6.2 | 7.5 | |
| D&A | 3.8 | 4.0 | 3.5 | 3.6 | |
| Stock-based compensation | 3.3 | 2.8 | 3.2 | 3.5 | |
| Working capital change | (2.1) | (2.9) | (2.0) | (0.5) | |
| Operating cash flow | 7.1 | 10.2 | 13.1 | 15.0 | |
| Capital expenditures | (0.8) | (0.7) | (0.7) | (0.6) | |
| Investing cash flow | (2.0) | (1.3) | (3.2) | (8.6) | |
| Buybacks | (4.0) | (7.6) | (7.8) | (12.6) | |
| Dividends paid | 0.0 | 0.0 | (1.5) | (1.6) | |
| Debt issuance / (repay) | (0.4) | (1.8) | (1.6) | 5.4 | |
| Financing cash flow | (3.6) | (7.5) | (9.4) | (8.1) | |
| Free cash flow | 6.3 | 9.5 | 12.4 | 14.4 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | 2.9% | 0.4% | 7.0% | 10.3% | 12.4% | 20% | |
| ROA | 1.8% | 0.2% | 4.2% | 6.1% | 6.9% | 8.8% | |
| ROIC | 0.8% | 0.5% | 7.2% | 10.3% | 10.5% | 8.7% | |
| Gross margin | 73.5% | 73.3% | 75.5% | 77.2% | 77.7% | 77.3% | |
| Operating margin | 2.1% | 3.3% | 14.4% | 19.0% | 21.5% | 21.4% | |
| Net margin | 5.5% | 0.7% | 11.9% | 16.4% | 18.0% | 22.0% | |
| EBITDA margin | 14.5% | 18.0% | 26.5% | 29.4% | 31.7% | 38.2% | |
| FCF margin | 19.9% | 20.1% | 27.2% | 32.8% | 34.7% | — | |
| VALUATION | |||||||
| P/E | 156.93 | 785.07 | 66.00 | 53.36 | 26.76 | 21.9 | |
| P/B | 3.90 | 2.80 | 4.58 | 5.41 | 3.37 | 5.1 | |
| P/S | 8.55 | 5.21 | 7.83 | 8.73 | 4.81 | 4.51 | |
| P/FCF | 42.89 | 25.87 | 28.74 | 26.59 | 13.86 | 13.1 | |
| EV/EBITDA | 59.82 | 29.21 | 27.24 | 29.44 | 16.28 | 13.8 | |
| EV/Revenue | 8.68 | 5.26 | 7.79 | 8.66 | 4.99 | 5.3 | |
| Earnings yield | 0.6% | 0.1% | 1.5% | 1.9% | 3.7% | 4.90% | |
| FCF yield | 2.3% | 3.9% | 3.5% | 3.8% | 7.2% | 7.65% | |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 1.05 | 1.02 | 1.09 | 1.06 | 0.76 | 0.84 | |
| Quick ratio | 1.05 | 1.02 | 1.09 | 1.06 | 0.76 | 0.84 | |
| Debt / equity | 0.24 | 0.24 | 0.21 | 0.19 | 0.29 | 1.09 | |
| Debt / assets | 14.7% | 14.3% | 12.6% | 11.1% | 15.3% | 38.1% | |
| Net debt / EBITDA | 0.90 | 0.28 | -0.16 | -0.24 | 0.60 | 1.99 | |
| Interest coverage | — | — | 42.85 | 37.76 | 45.02 | — | |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.33 | 0.32 | 0.35 | 0.37 | 0.39 | 0.40 | |
| Receivables turnover | 3.02 | 3.06 | 3.14 | 3.24 | 3.16 | 7.0 | |
| DSO (days) | 121 | 119 | 116 | 112 | 116 | 53 | |
| DPO (days) | 113 | 0 | 0 | 0 | 0 | 257 | |
| Cash conversion cycle | 8 | 119 | 116 | 112 | 116 | -204 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 24.7% | 18.3% | 11.2% | 8.7% | 9.6% | — | |
| Net income growth | -64.5% | -85.6% | 1888.5% | 49.8% | 20.3% | — | |
| EPS growth | -66.2% | -85.6% | 1890.5% | 51.2% | 24.7% | — | |
| FCF growth | 29.1% | 19.5% | 50.5% | 30.9% | 15.8% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 1.46 | 0.21 | 4.21 | 6.36 | 7.93 | 11.78 | |
| Book value / share | 58.96 | 59.31 | 60.68 | 62.81 | 62.92 | 46.80 | |
| Revenue / share | 26.87 | 31.86 | 35.46 | 38.91 | 44.18 | 53.58 | |
| FCF / share | 5.36 | 6.42 | 9.66 | 12.77 | 15.32 | 18.48 | |
| Cash / share | 10.69 | 12.71 | 14.44 | 14.41 | 10.18 | 13.91 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.0% | 2.4% | 2.8% | 2.4% | 6.3% | 23.21% | |
| Altman Z-Score | 4.09 | 2.91 | 4.82 | 5.61 | 3.07 | 2.8 | |
| Piotroski F-Score | 4 | 7 | 9 | 8 | 6 | 6/9 | |
| Beneish M-Score | -2.29 | -2.71 | -2.72 | -2.74 | -2.57 | -2.54 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 6 / 9 | Middling | |
| Altman Z-Score | 2.8 | Grey zone | Grey |
| Income quality | 1.63 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -2.54 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.78 |
| Interest burden | 0.97 |
| Operating margin | 29.2% |
| Asset turnover | 0.42× |
| Financial leverage | 2.08× |
| = ROE | 19% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.99 |
| Earnings stability | 0.81 |
| Earnings persistence | 0.82 |
| Revenue CAGR 3y | 9.9% |
| EPS CAGR 3y | 94.5% |
| FCF CAGR 3y | 26.1% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| SHOP | $220.0B | 113.8 | 16% | 41.9% | +32.5% | 7/9 | +8.3% |
| NOW | $146.8B | 88.2 | 14% | 7.5% | +22.2% | 5/9 | -20.6% |
| UBER | $143.7B | 15.2 | 38% | 16.9% | +16.7% | 6/9 | -24.0% |
| ADP | $114.5B | 26.3 | 72% | 17.9% | +6.7% | 6/9 | +3.8% |
| SNOW | $108.3B | -96.5 | -48% | -12.4% | +32.0% | 5/9 | — |
| ADBE | $95.4B | 13.7 | 62% | 27.0% | +12.0% | 7/9 | — |
| APP | $89.4B | 20.4 | 204% | 65.8% | +37.9% | 9/9 | — |
| DDOG | $88.7B | 497.0 | 5% | 4.0% | +31.5% | 6/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $41.50B | $41.55B / $41.30B | $11.78 | $11.81 / $11.77 | 35 |
| FY2027 | $46.28B | $46.45B / $46.08B | $16.75 | $17.05 / $16.71 | 32 |
| FY2028 | $50.87B | $51.90B / $50.12B | $16.07 | $17.87 / $15.00 | 32 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Quarter | $259.22 | +7.7% | 9 |
| Last Year | $273.14 | +13.5% | 22 |
| All Time | $268.17 | +11.4% | 185 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $233.23 | +7.47 | +3.20% | Above |
| SMA 50 | $230.03 | +10.67 | +4.64% | Above |
| SMA 200 | $198.98 | +41.72 | +20.97% | Above |
| EMA 9 | $236.61 | +4.09 | +1.73% | Above |
| EMA 21 | $234.89 | +5.81 | +2.47% | Above |
| EMA 50 | $226.03 | +14.67 | +6.49% | Above |
| EMA 200 | $211.62 | +29.08 | +13.74% | Above |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $243.98 / $249.94 / $253.14 | S1 / S2 | $240.78 / $234.82 |
| Bollinger (20,2) | $221.83 – $244.64 | Squeeze | ON |
| 52-wk range | $146.32 – $269.11 | Off 52-wk high | -10.6% |
| ATR (14) | $9.01 (3.7%) | Historical vol | 32.1% |
| Computed from live weekly prices | CRM | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 7.29% | 1.83% |
| Best / worst week (1y) | +24.7% / -12.9% | — |
| Max drawdown (5y, monthly) | -58.1% | — |
| 1-week VaR (95%) | -12.0% | — |
| Beta (5y) | 1.20 | 1.00 |
| Reading | CRM | Software - Application n=1,755 | Technology n=6,969 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | -11.6 | -15.4 | -20.7 | -20.5 |
| Trend | -2.1 | -18.0 | -20.8 | -21.3 |
| Momentum | +27.8 | -17.4 | -28.5 | -15.8 |
| Volume | -58.3 | +0.0 | +0.0 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| Marc Benioff Chair of the Board and CEO | $49.4M | 63% equity+incentive |
| Robin Washington President and Chief Operati | $28.4M | 57% equity+incentive |
| Srinivas Tallapragada President and Chief En | $20.6M | 81% equity+incentive |
| Miguel Milano President and Chief Revenue Of | $18.7M | 73% equity+incentive |
| David Schmaier President and Chief Strategy | $15.2M | 81% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 64 |
| Social | 57 |
| Governance | 59 |
| Composite ESG | 60 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-09-17 | Regulation FD; Exhibits | 7.01,9.01 |
| 2026-09-04 | Officer/Director Change | 5.02 |
| 2026-08-26 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-08-05 | Officer/Director Change | 5.02 |
| 2026-06-02 | Officer/Director Change | 5.02 |
| 2026-06-01 | Officer/Director Change; Exhibits | 5.02,9.01 |
| 2026-05-27 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-03-16 | Regulation FD Disclosure; Financial Statements and Exhibits | 7.01,9.01 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2021 to 2026 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-12-01 to 2026-08-26 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-01-31 to 2028-01-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 89 rows · 2004 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-09-22 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 1 rows · 2026-04-30 |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.