Episode Transcript
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Speaker 1 (00:00):
Sales Force. Stock trading under the symbol CRM opened at
two hundred forty eight United States dollars and just over
one cent on Friday, which is the most recent closing
price available. The trading volume was approximately six million, six
hundred ninety thousand shares, which is lower than the average
daily volume of about seven million, eight hundred fifty thousand
(00:20):
shares over risen months, suggesting slightly less trading activity than usual.
The share price has seen pressure throughout the summer, falling
from highs above three hundred and sixty nine United States
dollars earlier this year, and is now sitting below both
its fifty day and two hundred day moving averages, which
technical analysts generally view as a barest sign. Recent news
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emphasizes both optimism and tempered caution. Analysts sun Wall Street
remained broadly positive, with consensus rating squarely in the by
or strong by territory and an average price target that
implies a forecasted upside of roughly thirty eight percent from
current levels. Estimates from various investment banks range widely, with
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some price targets as high as four hundred United States dollars,
while others have taken a more neutral stance and lowered
their targets as a result of more modest revenue growth
expectations for the next financial year. Sales Force posted an
annual revenue growth of about eight percent in its latest
quarterly results, driven by notable gains in its data cloud
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in artificial intelligence divisions. However, operating outlook for the coming
year suggests revenue growth between seven and eight percent, slightly
lower than last year's nine percent, which some market analysts
see as a signal of moderating expansion. The company recently
signed an agreement to acquire Informatica, a cloud data management business,
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for an estimated eight billion United States dollars. This move
is intended to bolster artificial intelligence offerings, though there is
skepticism among investors about the size and immediate value of
the deal. Insider activity has also drawn attention, so how
much is it to be punished? Chief executive Officer Mark
Benioff recently sold about two thousand, two hundred fifty shares
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at an average price of just above two hundred fifty
seven United States dollars, each amounting to more than five
hundred seventy eight thousand United States dollars In the past
three months, insiders have sold more than fifty two thousand shares,
totaling over thirteen million United States dollars. While insider selling
does not always indicate negative sentiment, it tends to be
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watched closely when the stock is trending downward. In summary,
Salesforce continues to be viewed as a leader among customer
relationship management technology companies, boasting a robust product pipeline in
artificial intelligence and data management, yet the stock price is
currently below key technical levels. Analyst projections are mixed in
the near term, and recent insider selling adds a note
(02:52):
of caution, despite the broad long term optimism surrounding its
technological position.