After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Salesforce Announces Timing of its Fourth Quarter and Full Year Fiscal 2024 Results Conference Call.
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Stocks Info
As a NYSE listed company, CRM falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $293.65 and fluctuated between $294.63 as its day high and $291.40 as its day low. The current market capitalization of Salesforce Inc is $284.25B. A total of 5.26 million shares were traded on the day, compared to an average of 5.74M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CRM has seen 12 BUY and 18 SELL insider trades, representing the acquisition of 25,726 and the disposition of 53,057 shares. Over the last 12 months, there were 205 BUYs and 758 SELLs from insiders. Insiders purchased 956,431 shares during that period but sold 3,891,327.
In the most recent transaction, Benioff Marc sold 15,000 shares of CRM for 280.77 per share on Feb 21. After the transaction, the Chair and CEO now owns 13,416,166 company shares. In a previous transaction on Feb 20, Benioff Marc sold 15,000 shares at 286.20 per share. CRM shares that Chair and CEO owns now total 13,431,166.
Among the insiders who sold shares, Tallapragada Srinivas disposed of 10,000 shares on Feb 20 at a per-share price of $287.50. This resulted in the Pres/Chief Engineering Officer holding 60,416 shares of CRM after the transaction. In another insider transaction, Harris Parker sold 4,200 shares at $286.24 per share on Feb 20. Company shares held by the Co-Founder and CTO, Slack now total 104,904.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CRM in the last 3 months, the mean price target is $298.36 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 $295.24 and a low of $159.65.
As of this writing, CRM has an earnings estimate of $2.09 per share for the current quarter. EPS was calculated based on a consensus of 38 estimates, with a high estimate of $2.14 per share and a lower estimate of $2.05. 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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
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, 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 4.25.
