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

Key Points

• Salesforce CEO Marc Benioff sold 2,250 shares of the company's stock on September 24th at an average price of $245.85, totaling over $553,000, reducing his ownership by 0.02% to approximately 11.9 million shares.
• The company reported strong quarterly earnings, with $2.91 earnings per share, exceeding analysts' expectations, and a revenue of $10.24 billion for the last quarter, reflecting a 9.8% year-over-year increase.
• Salesforce has announced a quarterly dividend of $0.416 per share, payable on October 9th, which translates to an annualized dividend of $1.66 and a yield of 0.7%.

Salesforce Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $245.85, for a total value of $553,162.50. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,928,459,730.35. This represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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.
• On Friday, September 12th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $243.91, for a total value of $548,797.50.
• On Wednesday, September 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00.
• On Monday, September 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $251.12, for a total transaction of $565,020.00.
• On Thursday, September 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $241.50, for a total transaction of $543,375.00.
• On Tuesday, September 2nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $251.66, for a total transaction of $566,235.00.
• On Friday, August 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $255.30, for a total transaction of $574,425.00.
• On Wednesday, August 27th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.56, for a total value of $559,260.00.

Salesforce Trading Down 2.0%

Shares of NYSE CRM traded down $4.96 during midday trading on Thursday, reaching $240.93. The company had a trading volume of 8,138,072 shares, compared to its average volume of 7,610,263. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $250.07 and its 200-day moving average price is $262.14. The stock has a market cap of $229.37 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. 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 released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. The business's quarterly revenue 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. On average, equities research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce's dividend payout ratio is 24.13%.

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 grew its position in 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 purchasing an additional 65 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in Salesforce in the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after buying an additional 90 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake 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 purchasing an additional 85 shares during the period. Finally, Abound Financial LLC purchased a new stake in shares of Salesforce during the 1st quarter valued at about $31,000. Institutional investors own 80.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on CRM shares. Morgan Stanley raised their target price on Salesforce from $404.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. cut their target price on Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a research note on Thursday, September 4th. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 26th. Stifel Nicolaus decreased their target price on Salesforce from $375.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and a consensus target price of $332.58.

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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