In Thursday’s Wall Street session, Salesforce Inc (NYSE:CRM) shares traded at $279.74, up 0.54% from the previous session.
CRM stock price is now 3.52% away from the 50-day moving average and -4.67% away from the 200-day moving average. The market capitalization of the company currently stands at $268.40B.
With the price target maintained at $200, DA Davidson recently Downgraded its rating from Neutral to Underperform for Salesforce Inc (NYSE: CRM). On March 19, 2025, Stephens recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $311, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Reddy Sundeep G., EVP & Chief Accounting Officer sold 500 shares of the company’s stock on May 02 ’25. The stock was sold for $137,500 at an average price of $275.00. Upon completion of the transaction, the EVP & Chief Accounting Officer now directly owns 11,711 shares in the company, valued at $3.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, Officer SUNDEEP REDDY bought 500 shares of the business’s stock. A total of $137,500 was incurred on buying the stock at an average price of $275.00. A total of 2.60% 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 0.20, a current ratio of 0.99, and a quick ratio of 0.99.
The net profit margin was 16.35% and return on equity was 10.26% for CRM. The company reported revenue of $9.99 billion for the quarter, compared to $9.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.6 percent. For the current quarter, analysts expect CRM to generate $9.74B in revenue.
