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

Key Points

• Marc Benioff, CEO of Salesforce, sold 2,250 shares of the company on September 15th at an average price of $242.39, totaling approximately $545,377.50, decreasing his ownership by 0.02%.
• Salesforce reported better-than-expected quarterly earnings on September 3rd, with earnings of $2.91 per share against estimates of $2.78 and a revenue of $10.24 billion.
• The company announced a quarterly dividend of $0.416 per share, with payment scheduled for October 9th, reflecting a 0.7% dividend yield.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $2,887,245,694.69. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 12th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $243.91, for a total transaction of $548,797.50.
• On Wednesday, September 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00.
• On Monday, September 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00.
• 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 value 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 value 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 value 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.

Salesforce Price Performance

CRM traded down $3.43 during midday trading on Tuesday, hitting $239.09. The stock had a trading volume of 8,729,483 shares, compared to its average volume of 7,564,415. The company has a market cap of $227.61 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The business has a fifty day moving average of $252.66 and a 200 day moving average of $263.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Hedge Funds Weigh In On Salesforce

Several institutional investors and hedge funds have recently modified their holdings of CRM. Bernard Wealth Management Corp. bought a new position in shares of Salesforce during the fourth quarter valued at $25,000. Painted Porch Advisors LLC boosted its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after buying an additional 65 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Salesforce during the second quarter valued at $27,000. Capital A Wealth Management LLC boosted its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after buying an additional 85 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CRM. Royal Bank Of Canada decreased their target price on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a report on Thursday, September 4th. Morgan Stanley upped their target price on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Roth Capital restated a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Northland Securities decreased their target price on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Finally, BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

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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