Salesforce CRM, a giant in customer relationship management software, has seen its market performance under scrutiny of late. While its stock has risen by 16% since the last earnings report, the
company's shareholders rejected a notable compensation plan for its CEO Marc Benioff and other top executives. Despite this backlash,
insider Oscar Munoz recently purchased $500K of Salesforce's stock. Carret Asset Management LLC and Tempus Wealth Planning LLC also significantly increased their stakes in the company. The
AI capabilities of Salesforce's platform have drawn attention, positing a potential avenue for future growth. However, some recent fluctuations in stock price and a recent revenue miss add a degree of uncertainty. An announced purchase of Informatica has been facing some resistance, with insiders of Informatica deeming the acquisition as a bad idea. Additionally, Salesforce's outreach towards
small businesses and a potential first-ever dividend announcement also make for interesting future developments. The CRM giant's recent struggles have not diminished its standing as a Wall Street favorite, with its consensus rating still resting at a moderate buy.
Salesforce CRM News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sun, 07 Jul 2024 05:50:27 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -2
