New insider activity at Salesforce ( (CRM) ) has taken place on April 5, 2025.
Director Oscar Munoz recently made a significant investment in Salesforce by purchasing 3,882 shares of the company’s stock. This transaction is valued at an impressive $998,760, highlighting Munoz’s confidence in the company’s future prospects.
Recent Updates on CRM stock
Recent developments surrounding Salesforce’s stock include a new coverage initiation by Stephens analyst Brett Huff, who assigned an Equal Weight rating with a $311 price target. This decision reflects Salesforce’s strategic investment in AI, which is seen as a significant advantage in monetization compared to its peers. However, the analyst also highlighted concerns about Salesforce’s reliance on older legacy technology, which could hinder its ability to grow or maintain market share. Additionally, a large portion of the current stock valuation already accounts for AI-related excitement, as indicated by its enterprise value to expected revenue ratio. Furthermore, Scotiabank lowered its price target for Salesforce from $400 to $345, reflecting adjustments in growth expectations and market conditions.
More about Salesforce
YTD Price Performance: -22.81%
Average Trading Volume: 6,928,885
Technical Sentiment Signal: Buy
Current Market Cap: $245.3B