In a filing, Salesforce Inc revealed its EVP & Chief Accounting Officer Reddy Sundeep G. unloaded Company’s shares for reported $0.17 million on Feb 03 ’25. In the deal valued at $335.94 per share,500 shares were sold. As a result of this transaction, Reddy Sundeep G. now holds 6,557 shares worth roughly $2.15 million.
Then, Weaver Amy E sold 6,221 shares, generating $2,089,883 in total proceeds. Upon selling the shares at $335.94, the President and CFO now owns 46,750 shares.
Before that, SUNDEEP REDDY bought 500 shares. Salesforce Inc shares valued at $167,970 were divested by the Officer at a price of $335.94 per share.
TD Cowen upgraded its Salesforce Inc [CRM] rating to a Buy from a a Hold in a research note published on January 17, 2025; the price target was increased to $400 from $380. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. KeyBanc Capital Markets also remained covering CRM and has increased its forecast on December 13, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Macquarie started covering the stock on December 12, 2024. It rated CRM as “a Neutral”.
Price Performance Review of CRM
On Monday, Salesforce Inc [NYSE:CRM] saw its stock jump 0.42% to $327.20. Over the last five days, the stock has lost -3.55%. Salesforce Inc shares have fallen nearly -2.13% since the year began. Nevertheless, the stocks have risen 13.28% over the past one year. While a 52-week high of $369.00 was reached on 01/28/25, a 52-week low of $212.00 was recorded on 01/13/25. SMA at 50 days reached $338.98, while 200 days put it at $287.07.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 325.32, which if violated will result in even more drops to 323.43. On the upside, there is a resistance level at 330.42. A further resistance level may holdings at 333.63. The Relative Strength Index (RSI) on the 14-day chart is 43.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.98%. Stochastics %K at 11.44% indicates the stock is a buying.
How much short interest is there in Salesforce Inc?
A steep rise in short interest was recorded in Salesforce Inc stocks on 2024-11-15, growing by 0.37 million shares to a total of 13.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.14 million shares. There was a rise of 2.77%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 04, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $425.
