The stock of Salesforce Inc (NYSE:CRM) last traded at $291.97, up 1.61% from the previous session.
CRM stock price is now -10.74% away from the 50-day moving average and 0.71% away from the 200-day moving average. The market capitalization of the company currently stands at $279.42B.
With the price target reduced from $375 to $367, BMO Capital Markets maintained Outperform rating for Salesforce Inc (NYSE: CRM). , while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Weaver Amy E, President and CFO sold 6,221 shares of the company’s stock on Mar 03 ’25. The stock was sold for $1,872,521 at an average price of $301.00. Upon completion of the transaction, the President and CFO now directly owns 46,750 shares in the company, valued at $13.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’25, Director Washington Robin L bought 1,695 shares of the business’s stock. A total of $499,355 was incurred on buying the stock at an average price of $294.61. This leaves the insider owning 43,445 shares of the company worth $12.68 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 0.19, a current ratio of 1.06, and a quick ratio of 1.01.
The net profit margin was 16.35% and return on equity was 10.26% 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. For the current quarter, analysts expect CRM to generate $9.75B in revenue.
