In yesterday’s Wall Street session, Salesforce Inc (NYSE:CRM) shares traded at $270.44, up 2.36% from the previous session.
CRM stock price is now 6.32% away from the 50-day moving average and 0.35% away from the 200-day moving average. The market capitalization of the company currently stands at $258.54B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $268 to $325, Piper Sandler Upgraded its rating from Neutral to Overweight for Salesforce Inc (NYSE: CRM). On August 29, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $265 to quote $305, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, BRIAN MILLHAM, Officer bought 1,663 shares of the company’s stock on Sep 24 ’24. The stock was bought for $449,010 at an average price of $270.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, President and CFO Weaver Amy E sold 942 shares of the business’s stock. A total of $249,424 was realized by selling the stock at an average price of $264.78. This leaves the insider owning 52,042 shares of the company worth $14.07 million. A total of 2.61% 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 0.21, a current ratio of 0.95, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $258092646400, which is based on a 47.08 price-to-earnings ratio, a 2.90 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for CRM is $254.724 and a two-hundred day moving average price translates $269.5958 for the stock.
The latest earnings results from Salesforce Inc (NYSE: CRM) was released for 2024-07-31. The net profit margin was 15.44% and return on equity was 9.73% for CRM. The company reported revenue of $9.32 billion for the quarter, compared to $8.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.39 percent.
