Salesforce Inc (NYSE: CRM) is -3.25% lower on its value in year-to-date trading and has touched a low of $193.68 and a high of $318.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRM stock was last observed hovering at around $251.31 in the last trading session, with the day’s gains setting it 3.29%.
Currently trading at $254.60, the stock is 1.35% and 2.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.03 million and changing 1.31% at the moment leaves the stock -3.58% off its SMA200. CRM registered 21.99% gain for a year compared to 6-month loss of -11.39%.
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The stock witnessed a 0.69% gain in the last 1 month and extending the period to 3 months gives it a -8.26%, and is 6.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.08% over the week and 2.68% over the month.
Salesforce Inc (CRM) has around 72682 employees, a market worth around $246.71B and $35.74B in sales. Current P/E ratio is 45.79 and Fwd P/E is 23.19. Profit margin for the company is 15.30%. Distance from 52-week low is 31.45% and -20.12% from its 52-week high. The company has generated returns on investments over the last 12 months (7.68%).
The EPS is expected to grow by 20.35% this year.
Salesforce Inc (CRM) Top Institutional Holders
The shares outstanding are 971.00M, and float is at 943.64M with Short Float at 1.44%.
Salesforce Inc (CRM) Insider Activity
The most recent transaction is an insider sale by Harris Parker,the company’sCo-Founder and CTO, Slack. SEC filings show that Harris Parker sold 1,400 shares of the company’s common stock on Aug 09 ’24 at a price of $251.62 per share for a total of $0.35 million. Following the sale, the insider now owns 0.12 million shares.
Salesforce Inc disclosed in a document filed with the SEC on Aug 06 ’24 that Harris Parker (Co-Founder and CTO, Slack) sold a total of 2,800 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $241.22 per share for $0.68 million. Following the transaction, the insider now directly holds 0.12 million shares of the CRM stock.
Still, SEC filings show that on Jul 30 ’24, Harris Parker (Co-Founder and CTO, Slack) disposed off 4,200 shares at an average price of $257.28 for $1.08 million. The insider now directly holds 117,581 shares of Salesforce Inc (CRM).
