Salesforce Inc (NYSE: CRM) – Suitable For Long Term Buy?

Currently, there are 1.01B common shares owned by the public and among those 937.18M shares have been available to trade.

Insiders at the company have transacted a total of 999 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 221 of these insider trades were purchases, accounting for 966,139 shares. Insider sales of the common stock occurred on 778 occasions, with total insider shares sold totaling 3,895,838 shares.

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However, the script later moved the day high at 283.43, down -2.15%. The company’s stock has a 5-day price change of -1.64% and 31.61% over the past three months. CRM shares are trading 6.84% year to date (YTD), with the 12-month market performance up to 68.32% higher. It has a 12-month low price of $159.65 and touched a high of $295.24 over the same period. CRM has an average intraday trading volume of 0.87 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.45%, 4.76%, and 24.39% respectively.

Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 80.29% of the company’s 1.01B shares outstanding.

It has a market capitalization of $272.15B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 106.72, while the earnings-per-share (ttm) stands at $2.63. The company has a PEG of 3.99 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.68% over the week and 1.82% over the month.

Earnings per share for the fiscal year are expected to increase by 56.40%, and 17.19% over the next financial year. EPS should grow at an annualized rate of 26.77% over the next five years, compared to -15.70% over the past 5-year period.

Looking at the support for the CRM, a number of firms have released research notes about the stock. Robert W. Baird stated their Outperform rating for the stock in a research note on January 11, 2024, with the firm’s price target at $240-$300.

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