Salesforce Inc (CRM) concluded trading on Thursady at a closing price of $293.65, with 5.26 million shares of worth about $1.55 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.02% during that period and on Thursady the price saw a gain of about 3.56%. Currently the company’s common shares owned by public are about 1.01B shares, out of which, 937.26M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 963 times over the past 12 months. They bought 956,431 shares in 205 of the transactions. In 758 selling transactions, insiders dumped 3,891,327 shares.
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However, the stock later moved at a day high price of 294.63, or with a gain of 3.56%. Stock saw a price change of 1.56% in past 5 days and over the past one month there was a price change of 6.10%. Year-to-date (YTD), CRM shares are showing a performance of 11.59% which increased to 81.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $159.65 but also hit the highest price of $295.24 during that period. The average intraday trading volume for Salesforce Inc shares is 5.74 million. The stock is currently trading 2.72% above its 20-day simple moving average (SMA20), while that difference is up 7.73% for SMA50 and it goes to 28.35% higher than SMA200.
Salesforce Inc (NYSE: CRM) currently have 1.01B outstanding shares and institutions hold larger chunk of about 82.04% of that.
The stock has a current market capitalization of $284.25B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 111.46, while it has posted earnings per share of $2.63 in the same period. Its PEG reads 4.16 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRM, volatility over the week remained 1.64% while standing at 1.71% over the month.
Analysts are in expectations that Salesforce Inc (CRM) stock would likely to be making an EPS of $2.09 in the current quarter, while forecast for next quarter EPS is $2.03 and it is $8.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.05 which is $2.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 56.41% while it is estimated to increase by 17.20% in next year. EPS is likely to grow at an annualized rate of 26.77% for next 5-years, compared to annual growth of -15.70% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on January 11, 2024 offering an Outperform rating for the stock and assigned a target price range of between $240 and $300 to it. Coverage by Morgan Stanley stated Salesforce Inc (CRM) stock as an Overweight in their note to investors on December 21, 2023, suggesting a price target of $350 for the stock. On December 20, 2023, Wells Fargo Downgrade their recommendations, while on December 18, 2023, Wolfe Research Upgrade their ratings for the stock with a price target of $315. Stock get an Outperform rating from Oppenheimer on November 30, 2023.
