In yesterday’s Wall Street session, Salesforce Inc (NYSE:CRM) shares traded at $306.90, up 3.16% from the previous session.
CRM stock price is now 11.43% away from the 50-day moving average and 12.23% away from the 200-day moving average. The market capitalization of the company currently stands at $293.40B.
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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, Harris Parker, Co-Founder and CTO, Slack sold 3,970 shares of the company’s stock on Nov 05 ’24. The stock was sold for $1,178,044 at an average price of $296.74. Upon completion of the transaction, the Co-Founder and CTO, Slack now directly owns 119,402 shares in the company, valued at $36.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, EVP & Chief Accounting Officer Reddy Sundeep G. sold 500 shares of the business’s stock. A total of $145,115 was realized by selling the stock at an average price of $290.23. This leaves the insider owning 6,506 shares of the company worth $2.0 million. 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 $204.69 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 $292948410368, which is based on a 53.43 price-to-earnings ratio, a 3.32 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for CRM is $274.572 and a two-hundred day moving average price translates $273.3175 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.
