Salesforce (NYSE:CRM) CEO Marc Benioff Sells 2,250 Shares

Key Points

• Marc Benioff, CEO of Salesforce, sold a total of 2,250 shares of the company's stock on multiple occasions, with the most recent sale taking place on October 10th at an average price of $243.60, totaling approximately $548,100.
• Despite these sales, Benioff still retains 11,911,571 shares of Salesforce, valued at nearly $2.9 billion, indicating a minor decrease of 0.02% in his ownership.
• Salesforce recently declared a quarterly dividend of $0.416 per share, marking an annualized dividend yield of 0.7% and a payout ratio of 24.13%.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $243.60, for a total value of $548,100.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at $2,901,658,695.60. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 stock was 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.
• 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 value 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 value 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 value of $545,377.50.

Salesforce Price Performance

Shares of NYSE CRM traded down $8.88 during midday trading on Tuesday, reaching $239.87. 9,098,737 shares of the stock traded hands, compared to its average volume of 7,674,149. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $228.36 billion, a PE ratio of 34.87, a P/E/G ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. The company's 50 day moving average is $244.61 and its 200 day moving average is $258.49.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Roth Capital restated a "buy" rating and set a $395.00 price target on shares of Salesforce in a report on Thursday, September 4th. Northland Securities lowered shares of Salesforce from an "outperform" rating to a "market perform" rating and set a $264.00 price objective on the stock. in a research report on Tuesday. Wall Street Zen raised shares of Salesforce from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird reduced their price objective on shares of Salesforce from $365.00 to $325.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Finally, UBS Group reduced their price objective on shares of Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Twenty-five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $328.22.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Diversified Trust Co increased its stake in shares of Salesforce by 30.1% during the second quarter. Diversified Trust Co now owns 27,786 shares of the CRM provider's stock valued at $7,577,000 after buying an additional 6,430 shares during the period. Neville Rodie & Shaw Inc. increased its stake in shares of Salesforce by 4.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 59,970 shares of the CRM provider's stock valued at $16,353,000 after buying an additional 2,644 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Salesforce during the first quarter valued at $9,367,000. Jones Financial Companies Lllp increased its stake in shares of Salesforce by 31.2% during the first quarter. Jones Financial Companies Lllp now owns 344,887 shares of the CRM provider's stock valued at $93,016,000 after buying an additional 81,916 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in shares of Salesforce by 6.8% during the second quarter. Wesbanco Bank Inc. now owns 110,968 shares of the CRM provider's stock valued at $30,260,000 after buying an additional 7,091 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

About Salesforce

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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