Insider Sale: President and Chief Legal Officer Sabastian Niles Sells Shares of Salesforce Inc (CRM)

Following this transaction, the insider now owns 828 shares of Salesforce Inc. The sale was documented in a recent SEC Filing. Salesforce Inc (NYSE:CRM) is a global leader in customer relationship management (NYSE:CRM) technology that brings companies and customers together. Over the past year, Sabastian Niles has sold a total of 5,822 shares of Salesforce Inc and has not made any purchases of the stock. Read More...

On September 11, 2024, Sabastian Niles, President and Chief Legal Officer of Salesforce Inc (NYSE:CRM), sold 2,484 shares of the company. Following this transaction, the insider now owns 828 shares of Salesforce Inc. The sale was documented in a recent SEC Filing.

Salesforce Inc (NYSE:CRM) is a global leader in customer relationship management (NYSE:CRM) technology that brings companies and customers together. It is the trusted customer success platform for over 150,000 companies, helping to connect what matters.

Over the past year, Sabastian Niles has sold a total of 5,822 shares of Salesforce Inc and has not made any purchases of the stock. The company’s insider transaction history reveals a pattern of more sales than purchases, with 334 insider sells and only 2 insider buys over the past year.

On the day of the sale, shares of Salesforce Inc were trading at $244.81, giving the company a market cap of approximately $242.22 billion. The price-earnings ratio stood at 44.06, above the industry median of 25.56. This valuation places the company’s earnings multiple both above its industry peers and below its historical median.

The stock’s valuation according to GF Value is $253.33, resulting in a price-to-GF-Value ratio of 0.97, indicating that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.

This insider sale comes at a time when Salesforce Inc’s stock is perceived as fairly valued, considering both traditional valuation metrics and the GF Value assessment.

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.