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

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $242.39, for a total value of $545,377.50. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,887,245,694.69. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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 value 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 stock was 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 value 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 value 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.

Salesforce Stock Down 1.4%

Shares of NYSE CRM opened at $239.09 on Wednesday. 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 stock has a market capitalization of $227.61 billion, a PE ratio of 34.75, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The stock’s fifty day simple moving average is $251.97 and its two-hundred day simple moving average is $263.73. Salesforce Inc. has a 12-month low of $226.48 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last 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. As a group, analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s dividend payout ratio (DPR) is 24.13%.

Hedge Funds Weigh In On Salesforce

Several institutional investors and hedge funds have recently modified their holdings of CRM. Coign Capital Advisors LLC lifted its holdings in shares of Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after buying an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its holdings 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 buying an additional 38 shares in the last quarter. KDT Advisors LLC lifted its holdings 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 buying an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings 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 buying an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings 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 buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRM. Northland Securities dropped their target price on Salesforce from $423.00 to $396.00 and set an “outperform” rating on the stock in a research report on Thursday, May 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Westpark Capital reissued a “buy” rating and issued a $320.00 price objective on shares of Salesforce in a research report on Wednesday, May 28th. JMP Securities reissued a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Tuesday, September 2nd. Finally, Robert W. Baird lowered their price objective on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $332.58.

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.