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

Key Points

• Marc Benioff, CEO of Salesforce, recently sold 2,250 shares of the company's stock on October 22nd, totaling $582,772.50, and now holds approximately $3.08 billion in shares.
• Salesforce's stock is currently trading at $255.10, having experienced a 0.02% decrease in Benioff's position following his recent sales.
• The company reported a growth in quarterly revenue of 9.8% year-over-year, with an EPS of $2.91, surpassing analysts' expectations.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total value of $582,772.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,216,004.71. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $252.28, for a total value of $567,630.00.
• On Friday, October 17th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $244.64, for a total value of $550,440.00.
• On Wednesday, October 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $238.37, for a total value of $536,332.50.
• On Friday, October 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $243.60, for a total value of $548,100.00.
• On Monday, October 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.91, for a total value of $553,297.50.
• On Wednesday, October 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50.
• On Monday, October 6th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $241.32, for a total transaction of $542,970.00.
• On Wednesday, October 1st, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $236.38, for a total value of $531,855.00.
• On Monday, September 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50.
• On Friday, September 26th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $242.91, for a total value of $546,547.50.

Salesforce Stock Performance

CRM traded down $1.54 on Thursday, reaching $255.10. The stock had a trading volume of 6,100,093 shares, compared to its average volume of 7,811,624. The business's 50-day moving average price is $245.85 and its two-hundred day moving average price is $257.92. The company has a market cap of $242.86 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS 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 analysts' expectations of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Sell-side analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on CRM. Royal Bank Of Canada reduced their target price on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating on the stock in a report on Thursday, September 4th. JMP Securities restated a "market outperform" rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Roth Capital reaffirmed a "buy" rating and issued a $395.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Wedbush reaffirmed an "outperform" rating and issued a $375.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $325.23.

Institutional Investors Weigh In On Salesforce

Large investors have recently made changes to their positions in the business. Diversified Trust Co lifted its position in shares of Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock worth $7,577,000 after purchasing an additional 6,430 shares in the last quarter. Neville Rodie & Shaw Inc. raised its holdings in Salesforce by 4.6% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after acquiring an additional 2,644 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Salesforce in the first quarter valued at $9,367,000. Jones Financial Companies Lllp raised its holdings in Salesforce by 31.2% in the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock valued at $93,016,000 after acquiring an additional 81,916 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in Salesforce by 6.8% in the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock valued at $30,260,000 after acquiring an additional 7,091 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

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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