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

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $259.01, for a total transaction of $582,772.50. Following the transaction, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $3,085,216,004.71. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $567,630.00.
• On Friday, October 17th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was 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 stock was 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 transaction of $542,970.00.
• 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 transaction 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 transaction 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 transaction of $546,547.50.

Salesforce Trading Down 0.6%

Shares of NYSE:CRM opened at $255.10 on Friday. The company has a 50 day moving average of $246.28 and a 200-day moving average of $257.99. The firm has a market cap of $242.86 billion, a P/E ratio of 37.08, a P/E/G ratio of 2.15 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve 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 issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping 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 analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.56 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Wedbush reiterated an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a report on Thursday, October 16th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a report on Friday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a report on Thursday, October 16th. Finally, Northland Securities lowered shares of 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. Twenty-five 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’s stock. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Evolution Wealth Management Inc. acquired a new position in Salesforce in the 2nd quarter valued at approximately $27,000. Capital A Wealth Management LLC increased its stake in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the period. Finally, Abound Financial LLC acquired a new position in Salesforce in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

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.