Salesforce Inc. (CRM) Co-Founder and CTO Owns Stock Worth $973.0

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Salesforce Inc. (NYSE:CRM) finished Thursday with an addition of $4.07 to close at $132.54, an upside of 3.17 percent. An average of 7,594,700 shares of common stock have been traded in the last five days. There was a gain of $2.24 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 12,497,350 shares traded, while the 50-day average volume stands at 9,324,050.

CRM stock has decreased by -12.62% in the last month. The company shares reached their 1-month lowest point of $126.34 on 12/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $126.34 and a high of $257.90 in 52 weeks. It has reached a new high 2 times so far this year and lost -47.85% or -$121.59 in price. In spite of this, the price is down -48.61% from the 52-week high.

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Insider Transactions

CRM stock investors should be aware that Salesforce Inc. (CRM) stock had its last reported insider trading activity 7 days ago on Dec 23. In this transaction, the insider spent $125,076. President/Chief People Officer, Hyder Brent, disposed of 292 shares at a price of $128.55 on Dec 23. The insider now owns more than $37,536 worth of shares. Prior to that, President and COO Millham Brian went on to Sale 976 shares at $128.55 each on Dec 23. An amount of $125,461 was transacted.

Valuation Metrics

Salesforce Inc. (CRM) has a trailing price-to-earnings (P/E) ratio of 478.48. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.37, the price-to-book (PB) ratio at 2.23, and the price-to-cash flow ratio at 23.80.

Financial Health

The quick ratio of Salesforce Inc. for the three months ended July 30 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.18 for the quarter ending July 30. Its gross profit as reported stood at $19.47 billion compared to revenue of $26.49 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Salesforce Inc.’s return on assets was 0.30%.

Earnings Surprise

For the three-month period that ended July 30, Salesforce Inc. had $5.84 billion in cash and short-term investments compared to $9.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $210.0 million in the quarter, while revenues were shrunk -122.86%. The analyst consensus anticipated Salesforce Inc.’s latest quarter earnings to come in at $1.02 per share, but it turned out to be $1.19, a 16.70% surprise. For the quarter, EBITDA amounted to $1.82 billion. Shareholders own equity worth $1000.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Salesforce Inc. (CRM) price momentum. RSI 9-day as of the close on 29 December was 48.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.22%.

As of today, CRM’s price is $130.06 +1.72% or $2.24 from its 5-day moving average. CRM is currently trading -17.29% lower than its 20-day SMA and -30.15% lower than its 100-day SMA. However, the stock’s current price level is -13.67% below the SMA50 and -32.43% below the SMA200.

The stochastic %K and %D were 31.14% and 26.85%, respectively, and the average true range (ATR) was 4.35. With the 14-day stochastic at 45.79% and the average true range at 4.81, the RSI (14) stands at 44.43%. The stock has reached 0.96 on the 9-day MACD Oscillator while the 14-day reading was at -0.25.

Analyst Ratings

Robert W. Baird downgraded Salesforce Inc. (NYSE: CRM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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