Amy Weaver, President and Chief Financial Officer of Salesforce, Inc. (NYSE:CRM) sold 942 shares of the company's stock on March 25, 2024, according to a recent SEC filing. The trades were executed at an average price of $305.46 per share, for a total value of $287,743.32.
Salesforce Inc is a global leader in customer relationship management (NYSE:CRM) technology that connects businesses and customers. A provider of enterprise software focused on customer service, marketing automation, analytics, and application development.
Over the past year, Amy Weaver sold a total of 295,517 shares of Salesforce, Inc. stock, but did not buy any shares. Salesforce's insider trading history shows a pattern of insider selling, with 340 insider sales and zero insider buying over the past year.
On the day of the most recent insider sale, Salesforce, Inc. stock was trading at $305.46, giving the company a market cap of $296.66 billion. The company's price-to-earnings ratio of 72.82 is higher than the industry median of 27.6, but lower than the company's historical median price-to-earnings ratio.
The company's Price to GF Value ratio of 1.24 and GF Value of $245.94 indicate that Salesforce Inc. is considered moderately overvalued, according to GuruFocus' valuation analysis.
GF Value is GuruFocus' proprietary estimate of intrinsic value and is calculated based on historical trading multiples, GuruFocus' adjustment factors, and future performance estimates provided by Morningstar analysts.
The recent insider selling by Amy Weaver may provide investors with some insight into the company's valuation and insider sentiment. However, investors should also consider broader market trends, company fundamentals, and other factors before making investment decisions.
For more information on Salesforce Inc (NYSE:CRM) insider transactions, visit GuruFocus' CRM Overview page.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
