Salesforce, Inc. (NYSE:CRM) CEO Sells $4,275,000.00 in Stock

Salesforce, Inc. (NYSE:CRMGet Free Report) CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $285.00, for a total value of $4,275,000.00. Following the sale, the chief executive officer now directly owns 12,482,327 shares of the company’s stock, valued at approximately $3,557,463,195. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, May 20th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $286.90, for a total value of $4,303,500.00.
  • On Friday, May 17th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $286.20, for a total value of $4,293,000.00.
  • On Wednesday, May 15th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $284.73, for a total value of $4,270,950.00.
  • On Monday, May 13th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $276.84, for a total value of $4,152,600.00.
  • On Friday, May 10th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $276.59, for a total value of $4,148,850.00.
  • On Wednesday, May 8th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $278.63, for a total value of $4,179,450.00.
  • On Monday, May 6th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $275.45, for a total value of $4,131,750.00.
  • On Friday, May 3rd, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $275.01, for a total value of $4,125,150.00.
  • On Wednesday, May 1st, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $269.53, for a total value of $4,042,950.00.
  • On Monday, April 29th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $274.79, for a total transaction of $4,121,850.00.

Salesforce Price Performance

Shares of CRM opened at $272.29 on Friday. The company has a market capitalization of $263.58 billion, a P/E ratio of 64.83, a price-to-earnings-growth ratio of 2.46 and a beta of 1.30. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $286.94 and a 200 day moving average of $274.60. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. As a group, equities research analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is currently 9.52%.

Institutional Investors Weigh In On Salesforce

Several institutional investors and hedge funds have recently made changes to their positions in the company. Graypoint LLC grew its position in Salesforce by 0.3% in the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock worth $2,764,000 after purchasing an additional 36 shares during the period. Chase Investment Counsel Corp grew its position in Salesforce by 0.3% in the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after purchasing an additional 36 shares during the period. JFS Wealth Advisors LLC grew its position in Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock worth $93,000 after purchasing an additional 36 shares during the period. Opes Wealth Management LLC grew its position in Salesforce by 2.9% in the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock worth $341,000 after purchasing an additional 37 shares during the period. Finally, Prentice Wealth Management LLC grew its position in Salesforce by 1.7% in the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock worth $604,000 after purchasing an additional 38 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CRM. JMP Securities reissued a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a research report on Monday, April 15th. Oppenheimer increased their target price on shares of Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Piper Sandler reiterated a “neutral” rating and set a $300.00 target price on shares of Salesforce in a report on Monday, April 15th. Wedbush increased their target price on shares of Salesforce from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Wolfe Research reiterated an “outperform” rating and set a $365.00 target price on shares of Salesforce in a report on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $310.94.

View Our Latest Report on CRM

Salesforce Company Profile

(Get Free Report)

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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