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 20th for a total value of $567,630, reducing his ownership slightly to 11,911,571 shares valued at over $3 billion.
• Salesforce stock increased by $9.23 on October 21st, reaching a price of $263.51, following a series of earlier sales by Benioff at varying average prices.
• The company reported a strong quarterly performance with $10.24 billion in revenue, exceeding estimates, and set a FY 2026 guidance of earnings per share between 11.330-11.370.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $252.28, for a total value of $567,630.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,005,051,131.88. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 stock was 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 stock was 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 value of $539,527.50.
• On Monday, October 6th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $241.32, for a total value 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 value 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 value 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 value of $553,162.50.

Salesforce Stock Performance

Shares of Salesforce stock traded up $9.23 on Tuesday, hitting $263.51. The stock had a trading volume of 13,344,318 shares, compared to its average volume of 7,818,775. Salesforce Inc. has a 52-week low of $226.48 and a 52-week 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. The stock has a market cap of $250.86 billion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.04 and a beta of 1.19. The company's 50 day moving average price is $244.81 and its 200 day moving average price is $257.89.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating 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 business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.56 EPS. The business'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. On average, research analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.416 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce's dividend payout ratio is currently 24.13%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Painted Porch Advisors LLC raised its position in Salesforce by 260.0% in the second 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. purchased a new stake in shares of Salesforce during the second quarter worth about $27,000. Capital A Wealth Management LLC increased its position in shares of Salesforce by 450.0% during 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. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of Salesforce during the first quarter worth about $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CRM shares. Canaccord Genuity Group reduced their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Barclays lowered their price target on Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Macquarie reiterated a "neutral" rating and set a $250.00 target price on shares of Salesforce in a report on Thursday, October 16th. Bank of America lowered their target price on Salesforce from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.23.

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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