Insider Selling: Salesforce (NYSE:CRM) CEO Sells 122 Shares of Stock

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 122 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, October 31st, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $258.20, for a total transaction of $580,950.00.
• On Wednesday, October 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $252.04, for a total transaction of $567,090.00.
• 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 transaction 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 transaction 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 transaction 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 shares were 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 shares were sold at an average price of $245.91, for a total transaction of $553,297.50.

Salesforce Trading Down 2.6%

Shares of NYSE CRM traded down $6.80 on Tuesday, reaching $254.54. 6,743,614 shares of the company traded hands, compared to its average volume of 7,773,816. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a 50 day moving average of $247.79 and a 200 day moving average of $258.25. 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 stock has a market capitalization of $242.32 billion, a PE ratio of 37.00, a P/E/G ratio of 2.11 and a beta of 1.19.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.56 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. 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 research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Salesforce’s dividend payout ratio is 24.13%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a research report on Thursday, September 4th. Wall Street Zen raised shares of Salesforce from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. DA Davidson reissued a “neutral” rating and set a $225.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Piper Sandler reissued an “overweight” rating and set a $315.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, BMO Capital Markets dropped their target price on shares of Salesforce from $335.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Institutional Trading of Salesforce

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Salesforce in the 2nd quarter worth approximately $2,826,049,000. Nuveen LLC bought a new stake in Salesforce in the first quarter valued at $2,039,196,000. Laurel Wealth Advisors LLC lifted its stake in 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 valued at $933,737,000 after buying an additional 3,411,700 shares during the last quarter. Acadian Asset Management LLC lifted its stake in 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 valued at $538,020,000 after buying an additional 1,865,297 shares during the last quarter. Finally, Longview Partners Guernsey LTD bought a new stake in Salesforce in the first quarter valued at $467,944,000. 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.