Salesforce Inc (NYSE: CRM) closed the day trading at $301.38 down -1.46% from the previous closing price of $305.83. In other words, the price has decreased by -$4.45 from its previous closing price. On the day, 3847155 shares were traded.
Ratios:
For a better understanding of CRM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.20.
On January 11, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $240 to $300.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 21, 2023, whereas the target price for the stock was revised from $290 to $350.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 26 ’24 when Benioff Marc sold 15,000 shares for $306.38 per share. The transaction valued at 4,595,651 led to the insider holds 13,056,166 shares of the business.
Harris Parker sold 4,200 shares of CRM for $1,287,290 on Mar 26 ’24. The Co-Founder and CTO, Slack now owns 105,837 shares after completing the transaction at $306.50 per share. On Mar 26 ’24, another insider, Millham Brian, who serves as the President and COO of the company, sold 1,663 shares for $307.50 each. As a result, the insider received 511,372 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRM now has a Market Capitalization of 292.34B and an Enterprise Value of 290.73B. As of this moment, Salesforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.67, and their Forward P/E ratio for the next fiscal year is 27.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.39 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 8.34 whereas that against EBITDA is 29.20.
Stock Price History:
Over the past 52 weeks, CRM has reached a high of $318.71, while it has fallen to a 52-week low of $187.31. The 50-Day Moving Average of the stock is 293.80, while the 200-Day Moving Average is calculated to be 240.63.
Shares Statistics:
Over the past 3-months, CRM traded about 5.69M shares per day on average, while over the past 10 days, CRM traded about 5.2M shares per day. A total of 971.00M shares are outstanding, with a floating share count of 939.67M. Insiders hold about 3.13% of the company’s shares, while institutions hold 81.74% stake in the company. Shares short for CRM as of Feb 29, 2024 were 9.23M with a Short Ratio of 1.87, compared to 8.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.95% and a Short% of Float of 0.99%.
Dividends & Splits
CRM’s forward annual dividend rate is 0.40, up from 0.00 a year ago. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.53%. The current Payout Ratio is 0.00% for CRM, which recently paid a dividend on Apr 11, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on Apr 18, 2013 when the company split stock in a 4:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 35 analysts. On average, analysts expect EPS of $2.38 for the current quarter, with a high estimate of $2.42 and a low estimate of $2.29, while EPS last year was $1.69. The consensus estimate for the next quarter is $2.4, with high estimates of $2.49 and low estimates of $2.29.
Analysts are recommending an EPS of between $10.31 and $9.67 for the fiscal current year, implying an average EPS of $9.76. EPS for the following year is $11.03, with 43 analysts recommending between $12.1 and $8.92.
Revenue Estimates
A total of 42 analysts have provided revenue estimates for CRM’s current fiscal year. The highest revenue estimate was $38.72B, while the lowest revenue estimate was $37.75B, resulting in an average revenue estimate of $37.98B. In the same quarter a year ago, actual revenue was $34.86B, up 9.00% from the average estimate. Based on 42 analysts’ estimates, the company’s revenue will be $41.97B in the next fiscal year. The high estimate is $44.57B and the low estimate is $40.77B. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
