Insider Selling: Salesforce (NYSE:CRM) CEO Sells 2,250 Shares of Stock

Key Points

• Marc Benioff, the CEO of Salesforce, sold 2,250 shares of the company's stock on August 25th for a total of $557,032.50, reducing his position by 0.02% to 11,911,571 shares valued at approximately $2.95 billion.
• Salesforce's stock has recently traded down 1.5%, closing at $244.26, and has a market capitalization of $233.52 billion.
• Analyst ratings for Salesforce show a consensus of "Moderate Buy," with a current average price target of $340.54, following various adjustments from analysts due to market conditions.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $247.57, for a total transaction of $557,032.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,948,947,632.47. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Marc Benioff also recently made the following trade(s):

• On Friday, August 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $247.67, for a total transaction of $557,257.50.
• On Wednesday, August 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $246.07, for a total transaction of $553,657.50.
• On Monday, August 18th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $242.44, for a total transaction of $545,490.00.
• On Friday, August 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $241.49, for a total value of $543,352.50.
• On Wednesday, August 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $234.64, for a total value of $527,940.00.
• On Monday, August 11th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $236.45, for a total value of $532,012.50.
• On Friday, August 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $240.34, for a total value of $540,765.00.
• On Wednesday, August 6th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.40, for a total value of $558,900.00.
• On Monday, August 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $252.42, for a total value of $567,945.00.
• On Friday, August 1st, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $251.94, for a total value of $566,865.00.

Salesforce Trading Down 1.5%

Shares of Salesforce stock traded down $3.61 on Tuesday, hitting $244.26. The stock had a trading volume of 8,813,918 shares, compared to its average volume of 7,234,711. The stock has a 50 day moving average of $258.06 and a 200 day moving average of $270.96. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $233.52 billion, a P/E ratio of 38.23, a PEG ratio of 2.25 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, June 18th. Salesforce's dividend payout ratio is currently 25.98%.

Hedge Funds Weigh In On Salesforce

Large investors have recently bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new position in Salesforce during the 4th quarter valued at $25,000. Painted Porch Advisors LLC lifted its stake in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Accredited Wealth Management LLC bought a new position in Salesforce during the 4th quarter valued at $27,000. Capital A Wealth Management LLC lifted its stake in Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BMO Capital Markets decreased their target price on shares of Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, July 10th. Barclays reduced their price objective on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Wells Fargo & Company raised their price objective on shares of Salesforce from $255.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Northland Securities reduced their price objective on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. Finally, Stephens reduced their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $340.54.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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