Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 2,300 Shares

Salesforce, Inc. (NYSE:CRMGet Rating) CEO Marc Benioff sold 2,300 shares of the company’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $174.69, for a total value of $401,787.00. Following the completion of the sale, the chief executive officer now directly owns 28,926,000 shares of the company’s stock, valued at $5,053,082,940. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, April 22nd, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $173.83, for a total value of $399,809.00.
  • On Wednesday, April 20th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $187.87, for a total value of $432,101.00.
  • On Monday, April 18th, Marc Benioff sold 9,419 shares of Salesforce stock. The stock was sold at an average price of $187.94, for a total value of $1,770,206.86.
  • On Wednesday, April 13th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $194.38, for a total value of $447,074.00.
  • On Monday, April 11th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $194.92, for a total value of $448,316.00.
  • On Friday, April 8th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $198.43, for a total value of $456,389.00.
  • On Wednesday, April 6th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $200.68, for a total value of $461,564.00.
  • On Monday, April 4th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $218.64, for a total value of $502,872.00.
  • On Friday, April 1st, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $211.58, for a total value of $486,634.00.
  • On Wednesday, March 30th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $216.02, for a total value of $496,846.00.

Shares of NYSE CRM opened at $185.74 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. Salesforce, Inc. has a 52 week low of $167.55 and a 52 week high of $311.75. The stock has a market capitalization of $183.88 billion, a P/E ratio of 123.83, a PEG ratio of 5.05 and a beta of 1.10. The stock’s fifty day moving average is $200.38 and its 200 day moving average is $239.06.

Salesforce (NYSE:CRMGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The CRM provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.12. Salesforce had a return on equity of 4.76% and a net margin of 5.45%. The company had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the business earned $0.54 earnings per share. Salesforce’s revenue was up 25.9% on a year-over-year basis. Equities research analysts forecast that Salesforce, Inc. will post 2.1 earnings per share for the current year.

CRM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Salesforce from $360.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, January 21st. Loop Capital cut their price objective on Salesforce from $275.00 to $225.00 in a report on Monday, February 7th. BMO Capital Markets increased their price objective on Salesforce from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, March 2nd. Cowen cut their price objective on Salesforce from $325.00 to $285.00 in a report on Monday, February 28th. Finally, Royal Bank of Canada set a $325.00 price objective on Salesforce in a report on Wednesday, March 2nd. Seven equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Salesforce presently has a consensus rating of “Buy” and a consensus target price of $299.50.

Large investors have recently added to or reduced their stakes in the stock. Vectors Research Management LLC boosted its stake in Salesforce by 128.9% in the fourth quarter. Vectors Research Management LLC now owns 103 shares of the CRM provider’s stock valued at $26,000 after buying an additional 58 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Salesforce in the fourth quarter valued at about $27,000. Financial Enhancement Group LLC boosted its stake in Salesforce by 589.5% in the fourth quarter. Financial Enhancement Group LLC now owns 131 shares of the CRM provider’s stock valued at $33,000 after buying an additional 112 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Salesforce in the fourth quarter valued at about $35,000. Finally, First Personal Financial Services boosted its stake in Salesforce by 83.3% in the third quarter. First Personal Financial Services now owns 132 shares of the CRM provider’s stock valued at $36,000 after buying an additional 60 shares in the last quarter. 77.16% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Company Profile (Get Rating)

Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.

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Insider Buying and Selling by Quarter for Salesforce (NYSE:CRM)

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