On September 24, 2024, Brian Millham, President and Chief Operating Officer of Salesforce Inc (CRM, Financial), executed a sale of 1,663 shares of the company. According to the SEC Filing, the transaction left the insider with zero shares held in the company.
Salesforce Inc (CRM, Financial) 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, Brian Millham has sold a total of 514,022 shares of Salesforce Inc and has not made any purchases. The recent transaction reflects a continuation of the insider's selling trend.
The insider transaction history for Salesforce Inc shows a significant pattern of insider sales, with 331 insider sells recorded over the past year compared to only 2 insider buys. This could suggest a trend where insiders are choosing to decrease their holdings in the company.
On the date of the latest transaction, shares of Salesforce Inc were trading at $270 each, giving the company a market cap of approximately $262.03 billion. The price-earnings ratio of the company stands at 47.67, which is above the industry median of 26.5.
According to the GF Value, the intrinsic value of Salesforce Inc's stock is estimated at $254.14, leading to a price-to-GF-Value ratio of 1.06. This assessment categorizes the stock as Fairly Valued.
The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation and future prospects.
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.
