Yahoo Finance Insider Sell: Salesforce Inc (CRM) President and COO Brian Millham Sells 1,679 Shares
Brian Millham, President and Chief Operating Officer of Salesforce Inc (NYSE:CRM), sold 1,679 shares of the company on March 25, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $305.46 per share, resulting in a total value of $513,166.34.
Salesforce Inc (NYSE:CRM) is a global leader in customer relationship management (NYSE:CRM) technology that brings companies and customers together. It is the provider of its namesake solution, Salesforce, which includes a suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
Over the past year, the insider has sold a total of 553,424 shares of Salesforce Inc (NYSE:CRM) and has not made any purchases of the stock. The recent sale by Brian Millham follows a pattern of insider selling at the company; there have been 340 insider sells and no insider buys over the past year.
On the day of the sale, shares of Salesforce Inc (NYSE:CRM) were trading at $305.46, giving the company a market capitalization of $296.655 billion. The price-earnings ratio of the stock stands at 72.82, which is above the industry median of 27.6 but below the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, Salesforce Inc (NYSE:CRM) has a price-to-GF-Value ratio of 1.24, with a current price of $305.46 and a GF Value of $245.94. This indicates that the stock is considered to be Modestly Overvalued based on its GF Value.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Salesforce Inc (NYSE:CRM).
The GF Value image above provides a visual representation of Salesforce Inc's (NYSE:CRM) current valuation in relation to its intrinsic value estimate according to 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.
This article first appeared on GuruFocus.
