Stocks of Salesforce Inc (NYSE:CRM) traded higher last session on Wall Street, down -3.91% to $337.23.
CRM stock price is now 5.30% away from the 50-day moving average and 20.17% away from the 200-day moving average. The market capitalization of the company currently stands at $322.73B.
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With the price target maintained at $440, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Salesforce Inc (NYSE: CRM). On December 12, 2024, Macquarie recently initiated its ‘Neutral’ rating on the stock quoting a target price of $370, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, ValueAct Capital Master Fund, , 0.41% bought 722,300 shares of the company’s stock on Dec 18 ’24. The stock was bought for $253,505,631 at an average price of $350.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, Officer Benioff Marc bought 317,105 shares of the business’s stock. A total of $111,246,252 was incurred on buying the stock at an average price of $350.82. 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 $369.00. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.01, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $316399091712, which is based on a 55.48 price-to-earnings ratio, a 3.36 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for CRM is $319.333 and a two-hundred day moving average price translates $280.42554 for the stock.
The latest earnings results from Salesforce Inc (NYSE: CRM) was released for 2024-07-31. The net profit margin was 15.96% and return on equity was 10.18% 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. For the current quarter, analysts expect CRM to generate $10.03B in revenue.
