Currently, there are 1.01B common shares owned by the public and among those 937.58M shares have been available to trade.
Insiders at the company have transacted a total of 921 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 197 of these insider trades were purchases, accounting for 943,856 shares. Insider sales of the common stock occurred on 724 occasions, with total insider shares sold totaling 3,878,752 shares.
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The company’s stock has a 5-day price change of -0.25% and 14.90% over the past three months. CRM shares are trading 13.53% year to date (YTD), with the 12-month market performance up to 60.25% higher. It has a 12-month low price of $170.00 and touched a high of $318.71 over the same period. CRM has an average intraday trading volume of 5.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.59%, 6.76%, and 28.31% respectively.
Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 81.90% of the company’s 1.01B shares outstanding.
It has a market capitalization of $289.19B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 71.04, while the earnings-per-share (ttm) stands at $4.21. The company has a PEG of 4.38 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.52% over the week and 2.29% over the month.
Analysts forecast that Salesforce Inc (CRM) will achieve an EPS of $2.37 for the current quarter, $2.39 for the next quarter and $10.99 for 2026. The lowest estimate earnings-per-share for the quarter is $2.21 while analysts give the company a high EPS estimate of $2.41. Comparatively, EPS for the current quarter was $1.69 a year ago. Earnings per share for the fiscal year are expected to increase by 18.70%, and 13.67% over the next financial year. EPS should shrink at an annualized rate of 16.22% over the next five years, compared to 24.06% 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. Morgan Stanley coverage for the Salesforce Inc (CRM) stock in a research note released on December 21, 2023 offered a Overweight rating with a price target of $350. Wells Fargo was of a view on December 20, 2023 that the stock is Equal Weight, while Wolfe Research gave the stock Outperform rating on December 18, 2023, issuing a price target of $315. Oppenheimer on their part issued Outperform rating on November 30, 2023.
