In yesterday’s Wall Street session, Salesforce Inc. (NYSE:CRM) shares traded at $148.04, down -1.10% from the previous session.
CRM stock price is now -3.02% away from the 50-day moving average and -16.19% away from the 200-day moving average. The market capitalization of the company currently stands at $149.69B.
, while ‘Northland Capital’ rates the stock as ‘Market Perform’.
In other news, Harris Parker, Co-Founder and CTO sold 47,096 shares of the company’s stock on Nov 17. The stock was sold for $7,056,308 at an average price of $149.83. Upon completion of the transaction, the Co-Founder and CTO now directly owns 95,155 shares in the company, valued at $14.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Co-Founder and CTO Harris Parker sold 47,096 shares of the business’s stock. A total of $7,332,149 was realized by selling the stock at an average price of $155.69. This leaves the insider owning 95,155 shares of the company worth $14.09 million. Insiders disposed of 1,997,452 shares of company stock worth roughly $295.7 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CRM stock. A new stake in Salesforce Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $625,864,000. VIKING GLOBAL INVESTORS LP invested $355,392,000 in shares of CRM during the first quarter. In the first quarter, POINTSTATE CAPITAL LP acquired a new stake in Salesforce Inc. valued at approximately $187,005,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in CRM for approximately $121,758,000. SOUTHPOINT CAPITAL ADVISORS LP purchased a new stake in CRM valued at around $74,020,000 in the second quarter. In total, there are 2,902 active investors with 79.50% ownership of the company’s stock.
On Friday morning Salesforce Inc. (NYSE: CRM) stock kicked off with the opening price of $151.84. During the past 12 months, Salesforce Inc. has had a low of $136.04 and a high of $306.99. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for CRM is $152.36 and a two-hundred day moving average price translates $176.31 for the stock.
The latest earnings results from Salesforce Inc. (NYSE: CRM) was released for Jul, 2022. According to the Software – Application Company, earnings per share came in at $1.19, beating analysts’ expectations of $1.02 by 0.17. This compares to $0.56 EPS in the same period last year. The net profit margin was 1.80% and return on equity was 0.90% for CRM. The company reported revenue of $7.72 billion for the quarter, compared to $6.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.77 percent. For the current quarter, analysts expect CRM to generate $7.82B in revenue.
Salesforce Inc.(CRM) Company Profile
Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company’s service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company’s service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.