Salesforce Inc (NYSE:CRM) shares traded -0.74% lower at $321.16 on Wall Street last session.
CRM stock price is now -3.93% away from the 50-day moving average and 13.48% away from the 200-day moving average. The market capitalization of the company currently stands at $307.35B.
With the price target maintained at $247, Guggenheim recently Downgraded its rating from Neutral to Sell for Salesforce Inc (NYSE: CRM). On December 13, 2024, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $440, while ‘Macquarie’ rates the stock as ‘Neutral’
In other news, AMY WEAVER, Officer bought 6,221 shares of the company’s stock on Jan 15 ’25. The stock was bought for $2,052,183 at an average price of $329.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, President and CFO Weaver Amy E sold 6,221 shares of the business’s stock. A total of $2,108,421 was realized by selling the stock at an average price of $338.92. This leaves the insider owning 45,861 shares of the company worth $14.73 million. A total of 2.58% 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 52.84 price-to-earnings ratio, a 3.20 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for CRM is $333.6944 and a two-hundred day moving average price translates $282.91766 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.
