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 stock on September 12th at an average price of $243.91, totaling approximately $548,797.50.
• After the transaction, Benioff still holds around 11.9 million shares with a total value of approximately $2.91 billion.
• Salesforce declared a quarterly dividend of $0.416 per share to be paid on October 9th, which represents an annualized dividend yield of 0.7%.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $243.91, for a total value of $548,797.50. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,905,351,282.61. The trade was 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 available through the SEC website.

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

• 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 value 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 value of $565,020.00.
• On Thursday, September 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $241.50, for a total value of $543,375.00.
• 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 value 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 value 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 value 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 value 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 value 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 value of $545,490.00.

Salesforce Price Performance

Shares of Salesforce stock traded down $0.43 during trading hours on Monday, hitting $242.33. The company's stock had a trading volume of 7,113,874 shares, compared to its average volume of 7,557,020. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $230.70 billion, a PE ratio of 35.22, a PEG ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00. The business has a 50 day moving average price of $253.21 and a two-hundred day moving average price of $264.29.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company 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 earnings per share. The firm's revenue for the quarter 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. Analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, September 4th. Canaccord Genuity Group lowered their target price on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Northland Securities lowered 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. Stephens lowered their target price on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Erste Group Bank lowered Salesforce from a "buy" rating to a "hold" rating in a report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Hedge Funds Weigh In On Salesforce

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Coign Capital Advisors LLC raised its position in shares of Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after buying an additional 37 shares during the period. Staley Capital Advisers Inc. raised its position in shares of Salesforce by 1.1% during the 1st quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after buying an additional 38 shares during the period. KDT Advisors LLC raised its position in shares of Salesforce by 4.1% during the 1st quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after buying an additional 38 shares during the period. Liberty One Investment Management LLC raised its position in shares of Salesforce by 1.2% during the 1st quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after buying an additional 39 shares during the period. Finally, First Command Advisory Services Inc. raised its position in shares of Salesforce by 7.3% during the 1st quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock valued at $154,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors 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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