Srinivas Tallapragada, Pres/Chief Engineering Officer of Salesforce Inc (CRM, Financial), executed a sale of 10,000 shares in the company on February 20, 2024, according to a SEC Filing. Salesforce Inc is a global leader in customer relationship management (CRM) technology that brings companies and customers together. It is the leading provider of enterprise cloud computing solutions, with a focus on customer service, marketing automation, analytics, and application development.
Over the past year, the insider has sold a total of 407,678 shares of Salesforce Inc and has not made any purchases of the stock. This latest transaction is part of a series of sales by the insider over the period.
The insider transaction history for Salesforce Inc shows a pattern of insider sales, with 334 insider sells and no insider buys over the past year.
On the date of the insider's recent sale, shares of Salesforce Inc were trading at $287.50, giving the company a market capitalization of $274.476 billion. The price-earnings ratio of the stock stands at 107.81, which is above the industry median of 27.25 and below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.18, with a GF Value of $244.40, indicating that Salesforce Inc is considered Modestly Overvalued according to GuruFocus's valuation analysis.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by 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.
