Marc Benioff Sells 2,250 Shares of Salesforce (NYSE:CRM) Stock
by Doug Wharley · The Cerbat GemSalesforce Inc. (NYSE:CRM – Get Free Report) CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Marc Benioff also recently made the following trade(s):
- 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 transaction 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 value of $565,020.00.
- On Thursday, September 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 stock was 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 shares were sold at an average price of $247.57, for a total value of $557,032.50.
- On Friday, August 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $247.67, for a total value of $557,257.50.
- On Wednesday, August 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $246.07, for a total value of $553,657.50.
Salesforce Stock Performance
Shares of Salesforce stock opened at $239.09 on Wednesday. The business has a fifty day simple moving average of $251.97 and a two-hundred day simple moving average of $263.73. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $227.61 billion, a P/E ratio of 34.75, a P/E/G ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.
Salesforce (NYSE:CRM – Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.
Salesforce Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is presently 24.13%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Stephens reduced their price objective on Salesforce from $311.00 to $309.00 and set an “equal weight” rating for the company in a report on Friday, May 30th. UBS Group cut their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Erste Group Bank cut Salesforce from a “buy” rating to a “hold” rating in a research report on Thursday, June 5th. The Goldman Sachs Group raised their price target on Salesforce from $340.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, KeyCorp dropped their price target on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $332.58.
View Our Latest Research Report on Salesforce
Institutional Investors Weigh In On Salesforce
A number of large investors have recently made changes to their positions in CRM. Coign Capital Advisors LLC lifted its stake in Salesforce by 1.7% during the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after acquiring an additional 37 shares in the last quarter. Staley Capital Advisers Inc. grew its stake in shares of Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after acquiring an additional 38 shares in the last quarter. KDT Advisors LLC grew its stake in shares of Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after acquiring an additional 38 shares in the last quarter. Liberty One Investment Management LLC grew its stake in shares of Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
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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