Salesforce (NYSE:CRM) CEO Sells $554,985.00 in Stock

Key Points

• Salesforce CEO Marc Benioff sold 2,250 shares at an average price of $246.66, resulting in a total transaction amount of $554,985, which decreased his ownership position by 0.02% to 11,911,571 shares.
• The company's stock price has seen fluctuations, currently trading at $246.26, up by 1.5%, but it has a 12-month range of $226.48 to $369.00.
• Salesforce recently reported an earnings per share (EPS) of $2.91, beating analysts' expectations, and announced a quarterly dividend of $0.416 per share to be paid on October 9th.

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 Wednesday, September 10th. The stock was sold at an average price of $246.66, for a total transaction of $554,985.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $2,938,108,102.86. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value 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 value 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 value 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.
• On Monday, August 25th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $247.57, for a total transaction of $557,032.50.
• On Friday, August 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $247.67, for a total transaction of $557,257.50.
• On Wednesday, August 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $246.07, for a total value of $553,657.50.
• On Monday, August 18th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $242.44, for a total value of $545,490.00.
• On Friday, August 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $241.49, for a total value of $543,352.50.

Salesforce Stock Up 1.5%

NYSE:CRM traded up $3.69 during mid-day trading on Thursday, hitting $246.26. 6,940,645 shares of the company's stock traded hands, compared to its average volume of 10,011,086. The company has a market capitalization of $234.44 billion, a P/E ratio of 35.79, a P/E/G ratio of 2.21 and a beta of 1.22. 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 company has a fifty day moving average of $254.29 and a 200 day moving average of $265.66. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

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

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders 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 yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's payout ratio is presently 24.13%.

Analyst Ratings Changes

CRM has been the subject of a number of research reports. Barclays decreased their target price on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. cut their price target on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company 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 for the company in a research note on Tuesday, August 26th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, Northland Securities lowered their price objective on Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.58.

Institutional Investors Weigh In On Salesforce

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Salesforce by 1.0% in the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider's stock valued at $24,221,275,000 after acquiring an additional 909,853 shares during the last quarter. State Street Corp increased its stake in Salesforce by 1.6% during the second quarter. State Street Corp now owns 49,260,918 shares of the CRM provider's stock worth $13,452,998,000 after acquiring an additional 776,300 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider's stock valued at $5,669,224,000 after purchasing an additional 114,504 shares during the last quarter. Norges Bank purchased a new position in shares of Salesforce during the 2nd quarter worth $2,826,049,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock worth $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. 80.43% of the stock is currently 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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