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

Key Points

• Salesforce CEO Marc Benioff sold 2,250 shares at an average price of $256.13, totaling $576,292.50, decreasing his stake by 0.02% to 11,911,571 shares.
• The company's stock has a market capitalization of $242.19 billion, with a P/E ratio of 36.98 and a dividend yield of 0.7%, indicating strong ongoing financial management.
• Salesforce recently reported $10.24 billion in revenue for the quarter, surpassing expectations and reflecting 9.8% year-over-year growth, while setting FY 2026 EPS guidance at 11.330-11.370.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Monday, October 27th. The shares were sold at an average price of $256.13, for a total value of $576,292.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,050,910,680.23. This trade represents a 0.02% decrease in their position. The sale 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 Friday, October 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $255.56, for a total value of $575,010.00.
• On Wednesday, October 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $259.01, for a total value of $582,772.50.
• On Monday, October 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $252.28, for a total value of $567,630.00.
• On Friday, October 17th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were 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.

Salesforce Trading Down 0.4%

CRM traded down $1.07 during midday trading on Tuesday, reaching $254.40. 6,430,272 shares of the company were exchanged, compared to its average volume of 7,786,087. The stock has a market capitalization of $242.19 billion, a P/E ratio of 36.98, a PEG ratio of 2.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50-day simple moving average is $246.75 and its 200 day simple moving average is $258.05. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $10.14 billion. During the same period in the prior year, the business earned $2.56 EPS. Salesforce's revenue for the quarter was up 9.8% compared to the same quarter last year. 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, analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

CRM has been the topic of several research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday, October 16th. Northland Capmk lowered Salesforce from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Salesforce from $400.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, September 4th. Sanford C. Bernstein lowered their price target on Salesforce from $255.00 to $221.00 and set an "underperform" rating on the stock in a research report on Thursday, September 4th. Finally, KeyCorp lowered their price target on Salesforce from $440.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $325.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC lifted its position in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after acquiring an additional 65 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Salesforce during the 3rd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new stake in shares of Salesforce during the 2nd quarter valued at $27,000. Capital A Wealth Management LLC lifted its position in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 85 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

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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