The price of Salesforce Inc (NYSE:CRM) shares last traded on Wall Street rose 0.86% to $263.19.
CRM stock price is now 1.35% away from the 50-day moving average and 2.08% away from the 200-day moving average. The market capitalization of the company currently stands at $255.03B.
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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 4,200 shares of the company’s stock on Jul 02 ’24. The stock was sold for $1,076,196 at an average price of $256.24. Upon completion of the transaction, the Co-Founder and CTO, Slack now directly owns 116,693 shares in the company, valued at $30.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28 ’24, President and COO Millham Brian sold 2,018 shares of the business’s stock. A total of $524,680 was realized by selling the stock at an average price of $260.00. 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 $250753105920, which is based on a 47.34 price-to-earnings ratio, a 2.91 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for CRM is $259.4134 and a two-hundred day moving average price translates $258.07114 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.
