The price of Salesforce Inc (NYSE:CRM) shares last traded on Wall Street rose 3.09% to $335.78.
CRM stock price is now 14.65% away from the 50-day moving average and 21.68% away from the 200-day moving average. The market capitalization of the company currently stands at $321.01B.
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With the price target of $425, Scotiabank recently initiated with Sector Outperform rating for Salesforce Inc (NYSE: CRM). On November 15, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $305 to quote $385, while ‘Northland Capital’ 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 $40.09 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 $2.18 million. 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 $212.00 and a high of $348.86. 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 $310921199616, which is based on a 58.46 price-to-earnings ratio, a 3.89 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for CRM is $291.2158 and a two-hundred day moving average price translates $275.7166 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.
