Salesforce, Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 15,000 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $275.45, for a total value of $4,131,750.00. Following the completion of the transaction, the chief executive officer now directly owns 12,662,327 shares of the company's stock, valued at $3,487,837,972.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Marc Benioff also recently made the following trade(s):
- On Friday, May 3rd, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $275.01, for a total transaction of $4,125,150.00.
- 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 value of $4,121,850.00.
- On Friday, April 26th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $275.07, for a total value of $4,126,050.00.
- On Wednesday, April 24th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $276.65, for a total transaction 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 transaction of $4,152,450.00.
- On Monday, April 15th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $278.06, for a total transaction of $4,170,900.00.
- On Friday, April 12th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $295.74, for a total transaction of $4,436,100.00.
Salesforce Stock Performance
NYSE CRM traded up $1.58 on Tuesday, reaching $277.21. The stock had a trading volume of 3,507,109 shares, compared to its average volume of 5,527,244. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $268.34 billion, a P/E ratio of 66.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30. The business's 50-day moving average price is $293.29 and its 200 day moving average price is $267.99. Salesforce, Inc. has a 12-month low of $193.68 and a 12-month high of $318.71.
Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.22 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The business's revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts expect that Salesforce, Inc. will post 7.45 earnings per share for the current year.
Salesforce Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.40 per share. 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 presently 9.52%.
Hedge Funds Weigh In On Salesforce
Several institutional investors have recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Salesforce in the fourth quarter valued at about $26,000. Signature Resources Capital Management LLC purchased a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Ruedi Wealth Management Inc. grew its holdings in Salesforce by 186.7% during the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider's stock worth $26,000 after acquiring an additional 56 shares during the period. Kathleen S. Wright Associates Inc. acquired a new stake in Salesforce in the fourth quarter valued at $31,000. Finally, Pacifica Partners Inc. boosted its position in shares of Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CRM has been the subject of a number of analyst reports. Argus upped their price target on Salesforce from $290.00 to $354.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. TheStreet upgraded shares of Salesforce from a "c+" rating to a "b-" rating in a research report on Friday, January 19th. Canaccord Genuity Group reiterated a "buy" rating and issued a $350.00 target price on shares of Salesforce in a research report on Thursday, March 7th. Piper Sandler restated a "neutral" rating and set a $300.00 price target on shares of Salesforce in a research report on Monday, April 15th. Finally, BMO Capital Markets lifted their price target on Salesforce from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $310.61.
View Our Latest Report on Salesforce
Salesforce Company Profile
(
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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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