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

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $252.04, for a total value of $567,090.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,002,192,354.84. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 27th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $256.13, for a total value of $576,292.50.
• On Friday, October 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $255.56, for a total value of $575,010.00.
• On Wednesday, October 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $259.01, for a total value of $582,772.50.
• 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 transaction 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 transaction 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 transaction of $536,332.50.
• On Friday, October 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $243.60, for a total transaction of $548,100.00.
• On Monday, October 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $245.91, for a total transaction of $553,297.50.
• On Wednesday, October 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $239.79, for a total transaction of $539,527.50.
• On Monday, October 6th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $241.32, for a total value of $542,970.00.

Salesforce Stock Performance

Shares of Salesforce stock opened at $260.55 on Friday. The business’s fifty day simple moving average is $247.52 and its 200 day simple moving average is $258.06. The firm has a market capitalization of $248.04 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00. 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 (NYSE:CRM) 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. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $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 anticipate 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. Shareholders of record on Wednesday, September 17th were given a $0.416 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s payout ratio is currently 24.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRM. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. BMO Capital Markets dropped their price target on Salesforce from $335.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. dropped their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Finally, Northland Securities cut Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a research note on Tuesday, October 14th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $325.23.

Institutional Trading of Salesforce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Salesforce during the 2nd quarter worth approximately $2,826,049,000. Nuveen LLC bought a new position in shares of Salesforce in the first quarter worth $2,039,196,000. Laurel Wealth Advisors LLC increased its holdings in shares of Salesforce by 27,361.5% in the second quarter. Laurel Wealth Advisors LLC now owns 3,424,169 shares of the CRM provider’s stock worth $933,737,000 after purchasing an additional 3,411,700 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Salesforce by 1,729.6% in the second quarter. Acadian Asset Management LLC now owns 1,973,141 shares of the CRM provider’s stock worth $538,020,000 after purchasing an additional 1,865,297 shares during the period. Finally, Longview Partners Guernsey LTD bought a new position in shares of Salesforce in the first quarter worth $467,944,000. 80.43% of the stock is currently owned by institutional investors.

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.