After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that New Salesforce Data and AI Innovations for Retail Help Businesses Drive Efficiency and Deliver Connected Shopping Experiences.
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Stocks Info
CRM belongs to the Technology sector of the NYSE while operating in the Software – Application industry. The current market capitalization of Salesforce Inc is $260.58B. A total of 5.81 million shares were traded on the day, compared to an average of 5.41M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CRM has seen 28 BUY and 150 SELL insider trades, representing the acquisition of 199,801 and the disposition of 593,104 shares. Over the last 12 months, there were 249 BUYs and 868 SELLs from insiders. Insiders purchased 987,728 shares during that period but sold 3,913,523.
In the most recent transaction, Benioff Marc sold 15,000 shares of CRM for 272.69 per share on Jan 12. After the transaction, the Chair and CEO now owns 13,806,166 company shares. In a previous transaction on Jan 11, Benioff Marc sold 15,000 shares at 269.14 per share. CRM shares that Chair and CEO owns now total 13,821,166.
Among the insiders who sold shares, Benioff Marc disposed of 15,000 shares on Jan 10 at a per-share price of $264.24. This resulted in the Chair and CEO holding 13,836,166 shares of CRM after the transaction. In another insider transaction, Benioff Marc sold 15,000 shares at $261.95 per share on Jan 09. Company shares held by the Chair and CEO now total 13,851,166.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CRM in the last 3 months, the mean price target is $285.48 with high estimates of $390.00 and low estimates of $212.00. In terms of 52-week highs and lows, CRM has a high of $275.24 and a low of $143.16.
As of this writing, CRM has an earnings estimate of $2.26 per share for the current quarter. EPS was calculated based on a consensus of 38 estimates, with a high estimate of $2.31 per share and a lower estimate of $2.22. The company reported an EPS of $2.12 in the last quarter, which was 11.60% higher than expectations of $1.9.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CRM’s latest balance sheet shows that the firm has $10.54B in Cash & Short Term Investments as of fiscal 2022. There were $13.98B in debt and $21.79B in liabilities at the time. Its Book Value Per Share was $59.95, while its Total Shareholder’s Equity was $58.13B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 4.21.
