Brian Millham, President and Chief Operating Officer of Salesforce Inc (CRM, Financial), sold 1,663 shares of the company on March 26, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $307.5 per share, resulting in a total value of $511,347.5.
Over the past year, the insider has sold a total of 555,087 shares of Salesforce Inc (CRM, Financial) and has not made any purchases of the stock. The company's insider transaction history reveals a pattern of 342 insider sells and no insider buys over the same period.
Salesforce Inc (CRM, Financial) is a global leader in customer relationship management (CRM) technology that brings companies and customers together. It is the enterprise cloud computing leader with social and mobile cloud technologies - including its flagship sales and CRM applications - helping companies connect with customers, partners, and employees in entirely new ways.
On the date of the insider's recent sale, shares of Salesforce Inc (CRM, Financial) were trading at $307.5, giving the company a market capitalization of $292.34 billion. The price-earnings ratio stood at 71.76, above the industry median of 27.09 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.25, with a GF Value of $246.00, indicating that Salesforce Inc (CRM, Financial) was 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.
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.
