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

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $248.19, for a total value of $558,427.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $2,956,332,806.49. This represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.

Salesforce Stock Performance

Shares of CRM opened at $245.85 on Thursday. The stock has a 50-day moving average of $250.07 and a two-hundred day moving average of $262.14. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00. 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 stock has a market cap of $234.05 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.23 and a beta of 1.22.

Salesforce (NYSE:CRM) last issued its quarterly 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 during 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 firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

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

Hedge Funds Weigh In On Salesforce

Hedge funds have recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Salesforce during the fourth quarter valued at approximately $25,000. Painted Porch Advisors LLC raised its holdings in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Salesforce during the second quarter valued at approximately $27,000. Wood Tarver Financial Group LLC acquired a new position in shares of Salesforce during the fourth quarter valued at approximately $35,000. Finally, Capital A Wealth Management LLC raised its holdings in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRM. Sanford C. Bernstein decreased their price objective on Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Royal Bank Of Canada decreased their price objective on Salesforce from $275.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Westpark Capital reissued a “buy” rating and issued a $320.00 price objective on shares of Salesforce in a report on Wednesday, May 28th. Macquarie restated a “neutral” rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $332.58.

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.