In a report released today, Gil Luria from D.A. Davidson maintained a Hold rating on Salesforce (CRM – Research Report). The company’s shares closed yesterday at $276.68.
According to TipRanks, Luria is a 5-star analyst with an average return of 14.1% and a 54.41% success rate. Luria covers the Technology sector, focusing on stocks such as Adobe, Manhattan Associates, and Microsoft.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $339.81 average price target, a 22.82% upside from current levels. In a report released on April 15, Piper Sandler also maintained a Hold rating on the stock with a $300.00 price target.
The company has a one-year high of $318.30 and a one-year low of $190.32. Currently, Salesforce has an average volume of 5.72M.
Based on the recent corporate insider activity of 426 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year. Earlier this month, Sundeep G. Reddy, the EVP & CAO of CRM sold 2,425.00 shares for a total of $662,388.75.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Salesforce (CRM) Company Description:
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
