Stocks of Salesforce Inc (NYSE:CRM) traded higher last session on Wall Street, up 2.21% to $343.65.
CRM stock price is now 6.63% away from the 50-day moving average and 22.30% away from the 200-day moving average. The market capitalization of the company currently stands at $336.13B.
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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, Morfit G Mason, Director sold 722,300 shares of the company’s stock on Dec 18 ’24. The stock was sold for $249,995,253 at an average price of $346.11. Upon completion of the transaction, the Director now directly owns 3,192,009 shares in the company, valued at $1.1 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’24, Director Morfit G Mason sold 278,147 shares of the business’s stock. A total of $94,770,246 was realized by selling the stock at an average price of $340.72. This leaves the insider owning 2,913,862 shares of the company worth $1.0 billion. 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 56.54 price-to-earnings ratio, a 3.43 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for CRM is $322.282 and a two-hundred day moving average price translates $280.9864 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.
