Salesforce, Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $275.01, for a total transaction of $4,125,150.00. Following the sale, the chief executive officer now owns 12,677,327 shares in the company, valued at approximately $3,486,391,698.27. The transaction 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 Wednesday, May 1st, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $269.53, for a total transaction of $4,042,950.00.
- On Monday, April 29th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $274.79, for a total transaction of $4,121,850.00.
- On Friday, April 26th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $275.07, for a total transaction of $4,126,050.00.
- On Wednesday, April 24th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $276.65, for a total value of $4,149,750.00.
- On Monday, April 22nd, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $274.03, for a total value of $4,110,450.00.
- On Friday, April 19th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $270.94, for a total value of $4,064,100.00.
- On Wednesday, April 17th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $276.83, for a total value of $4,152,450.00.
- On Monday, April 15th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $278.06, for a total value of $4,170,900.00.
- On Friday, April 12th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $295.74, for a total value of $4,436,100.00.
- On Wednesday, April 10th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $299.42, for a total value of $4,491,300.00.
Salesforce Stock Up 0.7 %
Shares of CRM traded up $1.97 during midday trading on Monday, reaching $275.63. 3,722,938 shares of the company were exchanged, compared to its average volume of 5,550,575. The stock has a 50-day moving average price of $293.74 and a 200-day moving average price of $267.47. The company has a market cap of $266.81 billion, a price-to-earnings ratio of 65.63, a P/E/G ratio of 2.10 and a beta of 1.30. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14.
Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Research analysts expect that Salesforce, Inc. will post 7.45 earnings per share for the current year.
Salesforce Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce's dividend payout ratio (DPR) is 9.52%.
Analyst Ratings Changes
CRM has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Salesforce from $310.00 to $355.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. StockNews.com cut Salesforce from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $345.00 target price on shares of Salesforce in a report on Monday, April 15th. Wedbush increased their price target on Salesforce from $280.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Finally, Oppenheimer increased their price target on Salesforce from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Monday, February 12th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $310.61.
Get Our Latest Research Report on CRM
Institutional Trading of Salesforce
Several institutional investors and hedge funds have recently bought and sold shares of the company. Graypoint LLC raised its stake in Salesforce by 0.3% during the fourth quarter. Graypoint LLC now owns 10,504 shares of the CRM provider's stock valued at $2,764,000 after buying an additional 36 shares in the last quarter. Chase Investment Counsel Corp raised its stake in Salesforce by 0.3% during the fourth quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider's stock valued at $2,730,000 after buying an additional 36 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Salesforce by 11.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider's stock valued at $93,000 after buying an additional 36 shares in the last quarter. Opes Wealth Management LLC grew its holdings in shares of Salesforce by 2.9% during the fourth quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider's stock valued at $341,000 after purchasing an additional 37 shares during the last quarter. Finally, Prentice Wealth Management LLC grew its holdings in shares of Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider's stock valued at $604,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.
About Salesforce
(
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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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