Marc Benioff Sells 2,250 Shares of Salesforce (NYSE:CRM) Stock

Key Points

• Marc Benioff, CEO of Salesforce, sold 2,250 shares of the company's stock at an average price of $246.07, totaling approximately $553,657.50, while still owning over 11.9 million shares valued at about $2.93 billion.
• Salesforce's stock price has fluctuated significantly, trading at $245.78 with a twelve-month range from a low of $226.48 to a high of $369.00, while showing a market capitalization of $234.97 billion.
• Equities analysts have varied opinions on Salesforce's stock, with several lowering price targets, resulting in an average consensus price target of $342.89 and a rating classified as "Moderate Buy."

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $246.07, for a total value of $553,657.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,931,080,275.97. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 value 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 value of $527,940.00.
• On Monday, August 11th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 stock was 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 stock was 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 stock was 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.
• On Wednesday, July 30th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $265.77, for a total value of $597,982.50.
• On Monday, July 28th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $269.11, for a total value of $605,497.50.

Salesforce Stock Performance

Salesforce stock traded down $0.6670 during mid-day trading on Thursday, reaching $245.7830. 5,641,268 shares of the company were exchanged, compared to its average volume of 7,728,316. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The firm's 50-day simple moving average is $258.99 and its two-hundred day simple moving average is $273.75. 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 cap of $234.97 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.37.

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

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, June 18th. Salesforce's dividend payout ratio is presently 25.98%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BMO Capital Markets dropped their price target on Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company increased their price target on Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. UBS Group reduced their price target on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday. Northland Securities dropped their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $275.00 target price on shares of Salesforce in a research report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $342.89.

Institutional Investors Weigh In On Salesforce

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

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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