The stock of Salesforce Inc (NYSE:CRM) last traded at $255.32, up 0.28% from the previous session.
CRM stock price is now 3.02% away from the 50-day moving average and -3.41% away from the 200-day moving average. The market capitalization of the company currently stands at $247.41B.
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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 Aug 13 ’24. The stock was sold for $1,069,194 at an average price of $254.57. Upon completion of the transaction, the Co-Founder and CTO, Slack now directly owns 117,581 shares in the company, valued at $30.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Co-Founder and CTO, Slack Harris Parker sold 1,400 shares of the business’s stock. A total of $352,275 was realized by selling the stock at an average price of $251.62. This leaves the insider owning 117,581 shares of the company worth $30.02 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 $242429394944, which is based on a 45.92 price-to-earnings ratio, a 2.83 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for CRM is $248.2102 and a two-hundred day moving average price translates $264.6328 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. For the current quarter, analysts expect CRM to generate $9.23B in revenue.
