Salesforce Inc. (NYSE:CRM – Get Free Report) CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $241.32, for a total value of $542,970.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at approximately $2,874,500,313.72. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Marc Benioff also recently made the following trade(s):
- 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 value of $539,527.50.
- On Wednesday, October 1st, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 stock was 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.
- 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 value of $553,162.50.
- On Monday, September 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $248.19, for a total value 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 stock was 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.
Salesforce Stock Performance
Shares of Salesforce stock opened at $244.92 on Friday. 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 business has a 50-day moving average price of $244.86 and a two-hundred day moving average price of $259.25. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a market cap of $233.16 billion, a P/E ratio of 35.60, a PEG ratio of 2.08 and a beta of 1.19.
Salesforce Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were paid 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 dividend payout ratio (DPR) is currently 24.13%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Roth Capital restated a “buy” rating and issued a $395.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Oppenheimer reduced their target price on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Robert W. Baird reduced their target price on Salesforce from $365.00 to $325.00 and set an “outperform” rating for the company in a research note on Thursday, September 4th. Wall Street Zen downgraded Salesforce from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Macquarie restated a “neutral” rating and issued a $290.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $331.89.
Check Out Our Latest Stock Analysis on Salesforce
Hedge Funds Weigh In On Salesforce
Hedge funds have recently added to or reduced their stakes in the stock. Coign Capital Advisors LLC lifted its holdings in Salesforce by 1.7% during the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock valued at $586,000 after purchasing an additional 37 shares in the last quarter. Staley Capital Advisers Inc. lifted its holdings in Salesforce by 1.1% during the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after purchasing an additional 38 shares in the last quarter. KDT Advisors LLC lifted its holdings in Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock valued at $260,000 after purchasing an additional 38 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in Salesforce by 1.2% during the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock valued at $849,000 after purchasing an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock valued at $154,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds 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.
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