Salesforce Inc’s recently made public that its President and CRO Milano Miguel unloaded Company’s shares for reported $0.14 million on Feb 24 ’25. In the deal valued at $307.97 per share,458 shares were sold. As a result of this transaction, Milano Miguel now holds 5,864 shares worth roughly $1.81 million.
Then, Niles Sabastian sold 690 shares, generating $212,496 in total proceeds. Upon selling the shares at $307.97, the President and CLO now owns 1,984 shares.
Before that, SRINIVAS TALLAPRAGADA bought 4,447 shares. Salesforce Inc shares valued at $1,390,710 were divested by the Officer at a price of $312.73 per share.
Redburn Atlantic initiated its Salesforce Inc [CRM] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Guggenheim also remained covering CRM and has decreased its forecast on January 06, 2025 with a “Sell” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on December 13, 2024. It rated CRM as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of CRM
On Friday, Salesforce Inc [NYSE:CRM] saw its stock fall -0.48% to $308.32. Over the last five days, the stock has lost -5.58%. Salesforce Inc shares have fallen nearly -7.78% since the year began. Nevertheless, the stocks have risen 8.74% 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 02/24/25. SMA at 50 days reached $334.75, while 200 days put it at $289.26.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 303.65, which if violated will result in even more drops to 298.99. On the upside, there is a resistance level at 312.86. A further resistance level may holdings at 317.40. The Relative Strength Index (RSI) on the 14-day chart is 33.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.23%. Stochastics %K at 7.47% indicates the stock is a buying.
The most recent change occurred on December 12, 2024 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $370 price target.
