Brian Millham, President and COO of Salesforce Inc (CRM, Financial), executed a sale of 393 shares in the company on January 24, 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 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 526,383 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 Salesforce Inc has seen a total of 326 insider sells and no insider buys.
On the date of the insider's latest transaction, shares of Salesforce Inc were trading at $280, giving the company a market capitalization of $270.101 billion. The stock's price-earnings ratio stood at 106.10, which is above the industry median of 27.11 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.16, with a GF Value of $242.28, indicating that Salesforce Inc 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.
The insider's recent sell transaction follows the overall insider selling trend at Salesforce Inc, as depicted in the insider trend image above.
The GF Value image above provides a visual representation of Salesforce Inc'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.
