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 October 13th for approximately $553,297.50, reducing his ownership to about 11.9 million shares.
• Salesforce's stock price fell by $8.88 during midday trading on Tuesday, reaching $239.87, amidst a trading volume that surpassed its average.
• The company has declared a quarterly dividend of $0.416 per share, resulting in an annualized dividend yield of 0.7%.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Monday, October 13th. The shares were sold at an average price of $245.91, for a total transaction of $553,297.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $2,929,174,424.61. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $548,100.00.
• On Wednesday, October 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were 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 shares were sold at an average price of $236.38, for a total transaction of $531,855.00.
• On Monday, September 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were 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 shares were sold at an average price of $242.91, for a total transaction of $546,547.50.
• On Wednesday, September 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.85, for a total transaction of $553,162.50.
• On Monday, September 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.19, for a total transaction of $558,427.50.
• On Thursday, September 18th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.09, for a total transaction of $551,452.50.
• On Monday, September 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $242.39, for a total transaction of $545,377.50.

Salesforce Stock Performance

Shares of CRM traded down $8.88 during midday trading on Tuesday, reaching $239.87. The stock had a trading volume of 9,098,737 shares, compared to its average volume of 7,674,149. The firm has a 50 day simple moving average of $244.61 and a 200-day simple moving average of $258.49. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The firm has a market cap of $228.36 billion, a PE ratio of 34.87, a P/E/G ratio of 2.09 and a beta of 1.19. 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 announced its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last 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 anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were 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 was Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is 24.13%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Capital reaffirmed a "buy" rating and set a $395.00 target price on shares of Salesforce in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Salesforce from $400.00 to $340.00 and set a "buy" rating for the company in a report on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Salesforce in a report on Thursday, September 4th. BMO Capital Markets reduced their target price on shares of Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. Finally, Northland Securities downgraded shares of Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 target price for the company. in a report on Tuesday. Twenty-five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $328.22.

Institutional Trading of Salesforce

A number of institutional investors have recently bought and sold shares of CRM. Painted Porch Advisors LLC boosted its holdings in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after purchasing an additional 65 shares during the period. Evolution Wealth Management Inc. bought a new stake in Salesforce in the 2nd quarter valued at about $27,000. Capital A Wealth Management LLC raised its position in shares of Salesforce by 450.0% in the 1st 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 in the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Salesforce by 314.8% in the 1st 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 in the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Salesforce in the 1st quarter valued at approximately $31,000. 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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