Brian Millham, President and Chief Operating Officer of Salesforce Inc (CRM, Financial), sold 14,516 shares of the company on March 22, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $309.32 per share, resulting in a total value of $4,488,905.12.
Salesforce Inc is a global leader in customer relationship management (CRM, Financial) 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, Brian Millham has sold a total of 555,416 shares of Salesforce Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company.
Insider Trends
The insider transaction history for Salesforce Inc indicates a pattern of insider selling. In the past year, there have been no insider purchases but a total of 341 insider sells.
Valuation
On the day of the insider's recent sale, shares of Salesforce Inc were trading at $309.32, giving the company a market capitalization of $298.537 billion.
The price-earnings ratio of Salesforce Inc stands at 73.28, which is above the industry median of 28.1. However, it is below the company's historical median price-earnings ratio.
With the current share price of $309.32 and a GuruFocus Value of $245.68, Salesforce Inc has a price-to-GF-Value ratio of 1.26, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, 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.
