Financial giants have made a conspicuous bearish move on Salesforce. Our analysis of options history for Salesforce CRM revealed 21 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $102,115, and 18 were calls, valued at $1,954,487.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $330.0 for Salesforce over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Salesforce stands at 723.33, with a total volume reaching 582.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $200.0 to $330.0, throughout the last 30 days.
Salesforce Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRM | CALL | TRADE | NEUTRAL | 08/16/24 | $260.00 | $635.9K | 547 | 112 |
| CRM | CALL | SWEEP | BULLISH | 01/16/26 | $310.00 | $489.4K | 990 | 159 |
| CRM | CALL | TRADE | BULLISH | 06/20/25 | $330.00 | $157.8K | 1.3K | 44 |
| CRM | CALL | SWEEP | BEARISH | 01/17/25 | $200.00 | $82.6K | 1.3K | 24 |
| CRM | CALL | SWEEP | NEUTRAL | 01/16/26 | $300.00 | $67.6K | 2.2K | 15 |
About Salesforce
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Having examined the options trading patterns of Salesforce, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Salesforce
- With a trading volume of 1,194,253, the price of CRM is down by -0.55%, reaching $304.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 77 days from now.
What Analysts Are Saying About Salesforce
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $335.0.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on Salesforce, which currently sits at a price target of $350.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Salesforce, targeting a price of $310.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Salesforce, targeting a price of $330.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Salesforce with a target price of $355.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Salesforce with a target price of $330.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
