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

Key Points

• Marc Benioff, the CEO of Salesforce, sold 2,250 shares at an average price of $251.12, totaling approximately $565,020, reducing his total shares to 11,911,571.
• Salesforce reported a 9.8% year-over-year revenue increase, with $10.24 billion in revenue and earnings per share of $2.91 for the latest quarter.
• The company declared a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, set to be paid on October 9th.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $251.12, for a total transaction of $565,020.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,991,233,709.52. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $241.50, for a total transaction of $543,375.00.
• On Tuesday, September 2nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $251.66, for a total transaction of $566,235.00.
• On Friday, August 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $255.30, for a total transaction of $574,425.00.
• On Wednesday, August 27th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.56, for a total transaction of $559,260.00.
• On Monday, August 25th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $247.57, for a total transaction of $557,032.50.
• On Friday, August 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $241.49, for a total transaction of $543,352.50.
• On Wednesday, August 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $234.64, for a total transaction of $527,940.00.

Salesforce Price Performance

NYSE:CRM traded down $0.15 on Tuesday, reaching $252.12. The stock had a trading volume of 9,674,356 shares, compared to its average volume of 7,521,749. The company has a market capitalization of $240.02 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock has a fifty day moving average price of $255.22 and a 200-day moving average price of $265.91.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Salesforce in the 2nd quarter worth approximately $2,826,049,000. Nuveen LLC acquired a new position in shares of Salesforce in the 1st quarter worth approximately $2,039,196,000. GAMMA Investing LLC lifted its position in shares of Salesforce by 30,456.9% in the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after purchasing an additional 3,789,147 shares during the period. Laurel Wealth Advisors LLC lifted its position in shares of Salesforce by 27,361.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider's stock worth $933,737,000 after purchasing an additional 3,411,700 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Salesforce by 1,729.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider's stock valued at $538,020,000 after acquiring an additional 1,865,297 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRM shares. Canaccord Genuity Group dropped their price objective on shares of Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. UBS Group dropped their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. DA Davidson raised shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price objective on the stock in a research report on Friday, August 15th. Erste Group Bank lowered shares of Salesforce from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Company Profile

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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