Stocks of Salesforce Inc (NYSE:CRM) traded higher last session on Wall Street, up 1.74% to $298.89.
CRM stock price is now 10.20% away from the 50-day moving average and 9.56% away from the 200-day moving average. The market capitalization of the company currently stands at $285.74B.
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With the price target maintained at $400, Northland Capital recently Upgraded its rating from Market Perform to Outperform for Salesforce Inc (NYSE: CRM). On September 24, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $268 to quote $325, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, BRIAN MILLHAM, Officer bought 60,522 shares of the company’s stock on Oct 29 ’24. The stock was bought for $18,156,600 at an average price of $300.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, President and COO Millham Brian sold 969 shares of the business’s stock. A total of $277,677 was realized by selling the stock at an average price of $286.56. A total of 2.64% of the company’s stock is owned by insiders.
During the past 12 months, Salesforce Inc has had a low of $197.08 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 $285290823680, which is based on a 52.04 price-to-earnings ratio, a 3.23 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for CRM is $271.2282 and a two-hundred day moving average price translates $272.8089 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.
