Salesforce (CRM) experienced flat trading, closing at $257.85, as the market digested recent strong Q3 results and significant insider buying activity.
- JPMorgan labeled CRM a 'value stock' based on 14x FCF, though they noted the company is currently missing out on AI opportunities via Agentforce.
- Insider David Kirk purchased 1,936 shares on December 17 at a price of $258.64 per share.
- The stock is trading near its post-earnings high (up 8.2% after Q3 results), which included $10.26B in revenue and the highest full-year guidance raise; analysts maintain a consensus price target of $330.06 (+27.86%).