On January 23, 2024, Amy Weaver, President and CFO of Salesforce Inc (CRM, Financial), sold 7,584 shares of the company according to a recent SEC Filing. Salesforce Inc is a global leader in customer relationship management (CRM) technology that brings companies and customers together. It is one of the largest providers of cloud-based software services designed to facilitate sales, customer service, marketing automation, analytics, and application development.
Over the past year, the insider has sold a total of 283,364 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider selling at Salesforce Inc, with a total of 324 insider sells and no insider buys over the past year.
On the date of the sale, shares of Salesforce Inc were trading at $283.64, giving the company a market capitalization of $271.33 billion. The price-earnings ratio stood at 106.58, which is above the industry median of 27.08 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.17, indicating that Salesforce Inc was considered Modestly Overvalued based on its GF Value of $242.21. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
