Amy Weaver, President and CFO of Salesforce (NYSE:CRM) Inc., sold 2,627 shares on November 3, 2023, contributing to her total sales of 151,298 shares over the past year. This latest transaction is part of a broader trend at Salesforce, with no insider purchases but 273 insider sales within the same period.
Salesforce, a global leader in cloud-based customer relationship management software, provides services such as sales, service, and marketing, offering a comprehensive view of customers. On the day of Weaver's sale, Salesforce's shares traded at $210 each. The company boasted a market capitalization of $201.82 billion and a price-earnings ratio of 130.45.
While this P/E ratio is higher than the industry median of 26.19, it is lower than the company's historical median P/E. Based on the GuruFocus Value of $267.79 and GuruFocus Adjustment Factor, the stock's price-to-GF-Value ratio is 0.78, indicating a modest undervaluation.
This assessment incorporates future business performance estimates from Morningstar analysts. Despite the ongoing insider selling trend at Salesforce Inc., the stock may still present an appealing investment opportunity due to its current undervaluation status.
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