The stock of Salesforce Inc (NYSE:CRM) last traded at $326.12, up 0.53% from the previous session.
CRM stock price is now -3.66% away from the 50-day moving average and 13.40% away from the 200-day moving average. The market capitalization of the company currently stands at $312.10B.
With the price target enhanced from $380 to $400, TD Cowen Upgraded its rating from Hold to Buy for Salesforce Inc (NYSE: CRM). On January 06, 2025, Guggenheim Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $247, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Reddy Sundeep G., EVP & Chief Accounting Officer sold 500 shares of the company’s stock on Feb 03 ’25. The stock was sold for $167,970 at an average price of $335.94. Upon completion of the transaction, the EVP & Chief Accounting Officer now directly owns 6,557 shares in the company, valued at $2.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, President and CFO Weaver Amy E sold 6,221 shares of the business’s stock. A total of $2,089,883 was realized by selling the stock at an average price of $335.94. This leaves the insider owning 46,750 shares of the company worth $15.25 million. A total of 2.96% 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 53.65 price-to-earnings ratio, a 3.38 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for CRM is $338.6022 and a two-hundred day moving average price translates $287.3105 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 $9.44 billion for the quarter, compared to $8.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.3 percent.
