The shares of Salesforce Inc (CRM) have recorded the market capitalization of 249.13B

The stock of Salesforce Inc (NYSE:CRM) last traded at $257.10, up 1.68% from the previous session.

CRM stock price is now -1.47% away from the 50-day moving average and 0.02% away from the 200-day moving average. The market capitalization of the company currently stands at $249.13B.

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With the price target reduced from $325 to $280, Oppenheimer maintained Outperform rating for Salesforce Inc (NYSE: CRM). , while ‘Robert W. Baird’ rates the stock as ‘Outperform’

In other news, Harris Parker, Co-Founder and CTO, Slack sold 5,600 shares of the company’s stock on Jun 27 ’24. The stock was sold for $1,400,945 at an average price of $250.17. Upon completion of the transaction, the Co-Founder and CTO, Slack now directly owns 116,693 shares in the company, valued at $30.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’24, Co-Founder and CTO, Slack Harris Parker sold 2,800 shares of the business’s stock. A total of $675,980 was realized by selling the stock at an average price of $241.42. This leaves the insider owning 116,693 shares of the company worth $30.0 million. A total of 2.62% of the company’s stock is owned by insiders.

During the past 12 months, Salesforce Inc has had a low of $193.68 and a high of $318.71. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.03, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $244851900416, which is based on a 46.24 price-to-earnings ratio, a 2.85 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for CRM is $260.5382 and a two-hundred day moving average price translates $257.2244 for the stock.

The latest earnings results from Salesforce Inc (NYSE: CRM) was released for 2024-04-30. The net profit margin was 15.30% and return on equity was 9.34% for CRM. The company reported revenue of $9.13 billion for the quarter, compared to $8.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.74 percent.

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