Insider Selling: Salesforce (NYSE:CRM) CEO Sells 2,250 Shares of Stock

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $242.91, for a total transaction of $546,547.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,893,439,711.61. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $244.53, for a total transaction of $550,192.50.
• On Wednesday, September 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $245.85, for a total transaction of $553,162.50.
• On Monday, September 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.19, for a total transaction of $558,427.50.
• On Thursday, September 18th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 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.

Salesforce Stock Down 0.5%

CRM opened at $235.72 on Thursday. The business’s fifty day moving average is $247.81 and its two-hundred day moving average is $260.87. 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 market cap of $224.40 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.16 and a beta of 1.19. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 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 analyst estimates of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be given a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. Salesforce’s dividend payout ratio is currently 24.13%.

Analyst Upgrades and Downgrades

CRM has been the topic of several research reports. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Wells Fargo & Company lowered their price target on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Royal Bank Of Canada lowered their price target on shares of Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, BMO Capital Markets decreased their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with 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.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $332.58.

Hedge Funds Weigh In On Salesforce

Large investors have recently bought and sold shares of the stock. Painted Porch Advisors LLC raised its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Evolution Wealth Management Inc. purchased a new position in Salesforce during the second quarter worth approximately $27,000. Capital A Wealth Management LLC raised its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Finally, Abound Financial LLC purchased a new position in Salesforce during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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.