In Thursday’s Wall Street session, Salesforce Inc (NYSE:CRM) shares traded at $294.90, down -4.04% from the previous session.
CRM stock price is now -11.09% away from the 50-day moving average and 1.81% away from the 200-day moving average. The market capitalization of the company currently stands at $282.22B.
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, Niles Sabastian, President and CLO sold 730 shares of the company’s stock on Feb 25 ’25. The stock was sold for $223,555 at an average price of $306.24. Upon completion of the transaction, the President and CLO now directly owns 1,254 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, Pres/Chief Engineering Officer Tallapragada Srinivas sold 4,447 shares of the business’s stock. A total of $1,390,710 was realized by selling the stock at an average price of $312.73. This leaves the insider owning 26,907 shares of the company worth $7.93 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.
