Srinivas Tallapragada, Pres/Chief Engineering Officer of Salesforce Inc (CRM, Financial), executed a sale of 2,474 shares in the company on February 26, 2024, 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 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 410,152 shares and has not made any purchases of the company's stock. The recent transaction is part of a broader trend observed over the past year, where there have been no insider buys and 337 insider sells for Salesforce Inc.
On the date of the insider's recent sale, shares of Salesforce Inc were trading at $295.59, resulting in a market capitalization of $290.506 billion. The company's price-earnings ratio stands at 114.11, which is above the industry median of 27.935 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.21, with a GF Value of $244.92, indicating that Salesforce Inc is considered modestly overvalued based on its GF Value. 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.
The insider trend image above reflects the selling pattern of insiders over the past year, which may provide insights into the insider's perspective on the stock's valuation and future prospects.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value, as estimated by GuruFocus.
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.
