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 business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $164.36, for a total transaction of $378,028.00. Following the completion of the transaction, the chief executive officer now owns 28,926,000 shares of the company’s stock, valued at $4,754,277,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, May 12th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $160.60, for a total transaction of $369,380.00.
  • On Monday, May 9th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $165.37, for a total transaction of $380,351.00.
  • On Thursday, May 5th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $173.61, for a total transaction of $399,303.00.
  • On Monday, May 2nd, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $175.66, for a total transaction of $404,018.00.
  • On Friday, April 29th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $179.86, for a total transaction of $413,678.00.
  • On Wednesday, April 27th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $174.69, for a total transaction of $401,787.00.
  • 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 transaction of $399,809.00.
  • On Wednesday, April 20th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $187.87, for a total transaction of $432,101.00.
  • On Monday, April 18th, Marc Benioff sold 9,419 shares of Salesforce stock. The shares were sold at an average price of $187.94, for a total transaction of $1,770,206.86.
  • On Wednesday, April 13th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $194.38, for a total transaction of $447,074.00.

NYSE:CRM opened at $163.73 on Wednesday. The company has a market capitalization of $162.15 billion, a PE ratio of 109.15, a price-to-earnings-growth ratio of 4.75 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. Salesforce, Inc. has a 52-week low of $154.64 and a 52-week high of $311.75. The stock has a fifty day simple moving average of $192.04 and a 200-day simple moving average of $227.60.

Salesforce (NYSE:CRMGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The CRM provider reported $0.24 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. As a group, equities analysts anticipate that Salesforce, Inc. will post 2.1 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nicolet Bankshares Inc. boosted its holdings in Salesforce by 0.5% in the 3rd quarter. Nicolet Bankshares Inc. now owns 8,011 shares of the CRM provider’s stock worth $2,173,000 after acquiring an additional 36 shares during the period. Twin Focus Capital Partners LLC raised its position in shares of Salesforce by 2.2% in the 3rd quarter. Twin Focus Capital Partners LLC now owns 1,746 shares of the CRM provider’s stock valued at $474,000 after purchasing an additional 38 shares in the last quarter. Encompass Wealth Advisors LLC raised its position in shares of Salesforce by 1.0% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 3,766 shares of the CRM provider’s stock valued at $1,021,000 after purchasing an additional 38 shares in the last quarter. Wagner Wealth Management LLC raised its position in shares of Salesforce by 17.3% in the 3rd quarter. Wagner Wealth Management LLC now owns 271 shares of the CRM provider’s stock valued at $81,000 after purchasing an additional 40 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its position in shares of Salesforce by 1.2% in the 4th quarter. Mayflower Financial Advisors LLC now owns 3,794 shares of the CRM provider’s stock valued at $964,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.

A number of brokerages recently issued reports on CRM. Wedbush dropped their price objective on shares of Salesforce from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, March 2nd. Canaccord Genuity Group dropped their price objective on shares of Salesforce from $315.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. JPMorgan Chase & Co. set a $316.00 target price on shares of Salesforce in a research note on Wednesday, March 2nd. Raymond James lowered their target price on shares of Salesforce from $340.00 to $300.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 2nd. Finally, CICC Research assumed coverage on shares of Salesforce in a research note on Monday, May 9th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $296.78.

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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