Salesforce Inc (NYSE: CRM) is 7.66% higher on its value in year-to-date trading and has touched a low of $212.00 and a high of $369.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRM stock was last observed hovering at around $347.10 in the last trading session, with the day’s gains setting it 12.85%.
Currently trading at $359.95, the stock is 8.82% and 6.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.08 million and changing 3.70% at the moment leaves the stock 26.58% off its SMA200. CRM registered 29.00% gain for a year compared to 6-month gain of 37.01%. The firm has a 50-day simple moving average (SMA 50) of $337.6278 and a 200-day simple moving average (SMA200) of $284.36176.
The stock witnessed a 4.51% loss in the last 1 month and extending the period to 3 months gives it a 25.52%, and is 10.13% 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 3.58% over the week and 2.54% over the month.
Salesforce Inc (CRM) has around 72682 employees, a market worth around $344.47B and $37.19B in sales. Current P/E ratio is 59.22 and Fwd P/E is 32.06. Profit margin for the company is 15.96%. Distance from 52-week low is 69.79% and -2.45% from its 52-week high. The company has generated returns on investments over the last 12 months (8.47%).
with sales reaching $10.04B over the same period.The EPS is expected to grow by 22.13% this year, but quarterly earnings will post 8.87% year-over-year. Quarterly sales are estimated to grow 8.07% in year-over-year returns.
Salesforce Inc (CRM) Top Institutional Holders
3580.0 institutions hold shares in Salesforce Inc (CRM), with institutional investors hold 84.59% of the company’s shares. The shares outstanding are 956.00M, and float is at 932.29M with Short Float at 1.12%. Institutions hold 82.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 86.27 million shares valued at $22.18 billion. The investor’s holdings represent 8.8935% of the CRM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 74.58 million shares valued at $19.17 billion to account for 7.6884 of the shares outstanding. The other top investors are STATE STREET CORP which holds 48.14 million shares representing 4.9632% and valued at over $12.38 billion, while FMR LLC holds 3.1264 of the shares totaling 30.33 million with a market value of $7.8 billion.
Salesforce Inc (CRM) Insider Activity
The most recent transaction is an insider sale by Weaver Amy E, the company’s President and CFO. SEC filings show that Weaver Amy E sold 897 shares of the company’s common stock on Jan 23 ’25 at a price of $332.28 per share for a total of $0.3 million. Following the sale, the insider now owns 46750.0 shares.
Salesforce Inc disclosed in a document filed with the SEC on Jan 23 ’25 that Harris Parker (Co-Founder and CTO, Slack) sold a total of 652 shares of the company’s common stock. The trade occurred on Jan 23 ’25 and was made at $332.28 per share for $0.22 million. Following the transaction, the insider now directly holds 0.12 million shares of the CRM stock.
Still, SEC filings show that on Jan 22 ’25, Tallapragada Srinivas (Pres/Chief Engineering Officer) disposed off 4,447 shares at an average price of $331.25 for $1.47 million. The insider now directly holds 25,794 shares of Salesforce Inc (CRM).
