An Evaluation Of Salesforce Inc (NYSE: CRM) Prospects

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. Earlier, Yahoo Finance discussed this stock as it revealed Salesforce Grants Equity Awards to Spiff Employees Under Its Inducement Equity Incentive Plan.

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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 $285.32B. A total of 8.34 million shares were traded on the day, compared to an average of 5.69M shares.

In the most recent transaction, Benioff Marc sold 15,000 shares of CRM for 305.42 per share on Apr 03 ’24. After the transaction, the Chair and CEO now owns 12,981,166 company shares. In a previous transaction on Apr 02 ’24, Benioff Marc sold 15,000 shares at 300.87 per share. CRM shares that Chair and CEO owns now total 12,996,166.

Among the insiders who sold shares, Harris Parker disposed of 4,200 shares on Apr 02 ’24 at a per-share price of $300.82. This resulted in the Co-Founder and CTO, Slack holding 105,837 shares of CRM after the transaction. In another insider transaction, Millham Brian sold 24,453 shares at $302.08 per share on Apr 01 ’24. Company shares held by the President and COO now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Salesforce Inc pays an annual dividend of $0.40, resulting in a dividend yield of 0.14%, and it has a price to earnings (P/E) ratio of 69.95. CRM’s most recent ex-dividend date was 3/13/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 4/11/2024.

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. In terms of 52-week highs and lows, CRM has a high of $318.71 and a low of $187.31.

As of this writing, CRM has an earnings estimate of $2.38 per share for the current quarter. EPS was calculated based on a consensus of 35 estimates, with a high estimate of $2.42 per share and a lower estimate of $2.29. The company reported an EPS of $1.96 in the last quarter, which was 2.60% higher than expectations of $1.91.

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 $61.43, 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 4.22.

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