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

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total value of $582,772.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,216,004.71. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, October 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $252.28, for a total value of $567,630.00.
• On Friday, October 17th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $244.64, for a total value of $550,440.00.
• On Wednesday, October 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $238.37, for a total value of $536,332.50.
• On Friday, October 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $243.60, for a total value of $548,100.00.
• On Monday, October 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.91, for a total value of $553,297.50.
• On Wednesday, October 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $239.79, for a total value of $539,527.50.
• On Monday, October 6th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $241.32, for a total value of $542,970.00.
• On Wednesday, October 1st, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $236.38, for a total value of $531,855.00.
• On Monday, September 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $244.53, for a total value of $550,192.50.
• On Friday, September 26th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $242.91, for a total value of $546,547.50.

Salesforce Stock Down 0.0%

CRM opened at $254.93 on Friday. The company has a market cap of $242.69 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.14 and a beta of 1.19. The business’s 50-day moving average price is $246.53 and its 200-day moving average price is $258.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous 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. On average, equities analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRM. Painted Porch Advisors LLC grew its holdings in shares of Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the period. Marquette Asset Management LLC purchased a new position in shares of Salesforce during the 3rd quarter worth approximately $26,000. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce during the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC grew its holdings in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Salesforce by 314.8% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CRM shares. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. DA Davidson restated a “neutral” rating and set a $225.00 price target on shares of Salesforce in a report on Thursday, October 16th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target on the stock. in a report on Tuesday, October 14th. Sanford C. Bernstein reduced their price target on Salesforce from $255.00 to $221.00 and set an “underperform” rating on the stock in a report on Thursday, September 4th. Finally, Barclays reduced their price target on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus price target of $325.23.

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.