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 on September 4th for a total of $543,375, which decreased his ownership position by 0.02%.
• Salesforce reported earnings of $2.91 per share, exceeding analyst estimates, and increased revenue by 9.8% year-over-year, indicating strong company performance.
• The company recently declared a quarterly dividend of $0.416, equating to an annual yield of 0.7%, with the payment date set for October 9th.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $241.50, for a total transaction of $543,375.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at approximately $2,876,644,396.50. This trade represents a 0.02% decrease in their position. The sale 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 Tuesday, September 2nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were 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 shares were sold at an average price of $255.30, for a total value of $574,425.00.
• On Wednesday, August 27th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 stock was 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 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 transaction 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 transaction 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 transaction of $532,012.50.

Salesforce Price Performance

NYSE CRM traded up $6.39 on Friday, reaching $250.40. The company's stock had a trading volume of 12,868,916 shares, compared to its average volume of 7,485,198. 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 stock has a market cap of $239.39 billion, a PE ratio of 36.40, a PEG ratio of 2.33 and a beta of 1.22. The firm's 50 day moving average is $256.08 and its two-hundred day moving average is $267.62. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.56 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. 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, sell-side analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a $0.416 dividend. 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 25.98%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research report on Thursday. Robert W. Baird reduced their price objective on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday. Stephens cut their price objective on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Finally, Wells Fargo & Company cut their price objective on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $331.34.

Hedge Funds Weigh In On Salesforce

Institutional investors have recently made changes to their positions in the business. Bernard Wealth Management Corp. bought a new position in shares of Salesforce in the fourth quarter worth about $25,000. Painted Porch Advisors LLC grew its stake in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce in the second quarter worth $27,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Salesforce in the fourth quarter worth $35,000. Finally, Capital A Wealth Management LLC grew its stake in shares of Salesforce by 450.0% in the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

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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