Stocks of Salesforce Inc (NYSE:CRM) traded higher last session on Wall Street, up 2.41% to $262.71.
CRM stock price is now 3.71% away from the 50-day moving average and 0.51% away from the 200-day moving average. The market capitalization of the company currently stands at $254.57B.
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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, Millham Brian, President and COO sold 2,018 shares of the company’s stock on Jul 25 ’24. The stock was sold for $524,680 at an average price of $260.00. Upon completion of the transaction, the President and COO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 24 ’24, President and COO Millham Brian sold 969 shares of the business’s stock. A total of $245,767 was realized by selling the stock at an average price of $253.63. A total of 2.63% 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 $250287996928, which is based on a 47.25 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 $253.0334 and a two-hundred day moving average price translates $261.6632 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.
