Taking On Challenges And Growing? – Salesforce Inc. (CRM)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Salesforce Inc. (CRM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$3.12, or +2.11%, to $150.75. Volume reached 198,319 shares, with price reaching a high of $150.7918 and a low of $149.6. Most recently, Yahoo Finance reported about the stock as it publicized that SALESFORCE APPOINTS ROBIN WASHINGTON LEAD INDEPENDENT DIRECTOR.


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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $150.15 and fluctuated between $152.86 as its day high and $149.15 as its day low. The current market capitalization of Salesforce Inc. is $153.39B. A total of 12.37 million shares were traded on the day, compared to an average of 5.99M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CRM has seen 64 BUY and 264 SELL insider trades, representing the acquisition of 126,323 and the disposition of 1,123,650 shares. Over the last 12 months, there were 346 BUYs and 1,312 SELLs from insiders. Insiders purchased 1,409,312 shares during that period but sold 2,679,259.

In the most recent transaction, Benioff Marc sold 2,300 shares of CRM for 150.29 per share on Sep 21. After the transaction, the Chair and Co-CEO now owns 27,761,368 company shares. In a previous transaction on Sep 20, Benioff Marc sold 2,300 shares at 150.37 per share. CRM shares that Chair and Co-CEO owns now total 27,761,368.

Among the insiders who sold shares, Benioff Marc disposed of 2,300 shares on Sep 19 at a per-share price of $151.79. This resulted in the Chair and Co-CEO holding 27,761,368 shares of CRM after the transaction. In another insider transaction, Benioff Marc sold 2,300 shares at $151.07 per share on Sep 16. Company shares held by the Chair and Co-CEO now total 27,761,368.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CRM in the last 3 months, the mean price target is $218.02 with high estimates of $320.00 and low estimates of $150.00. In terms of 52-week highs and lows, CRM has a high of $311.75 and a low of $147.51.

As of this writing, CRM has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.57. The company reported an EPS of $0.52 in the last quarter, which was 40.54% higher than expectations of $0.37.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 48 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRM is Sell with a score of 4.68. A total of 37 analysts rated the stock as Buy while 4 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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