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 dated Monday, June 6th. The shares were sold at an average price of $184.96, for a total value of $425,408.00. Following the sale, the chief executive officer now directly owns 28,926,000 shares of the company’s stock, valued at approximately $5,350,152,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, June 2nd, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $182.65, for a total value of $420,095.00.
  • On Tuesday, May 31st, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $162.85, for a total value of $374,555.00.
  • On Friday, May 27th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $163.40, for a total value of $375,820.00.
  • On Wednesday, May 25th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $159.28, for a total value of $366,344.00.
  • On Monday, May 23rd, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $158.97, for a total value of $365,631.00.
  • On Friday, May 20th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $157.52, for a total value of $362,296.00.
  • On Wednesday, May 18th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $159.39, for a total value of $366,597.00.
  • On Monday, May 16th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $164.36, for a total value of $378,028.00.
  • On Thursday, May 12th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $160.60, for a total value of $369,380.00.
  • On Monday, May 9th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $165.37, for a total value of $380,351.00.

Salesforce stock traded up $4.28 during mid-day trading on Tuesday, reaching $187.15. 6,324,630 shares of the company were exchanged, compared to its average volume of 7,880,503. The business has a fifty day moving average of $180.25 and a 200 day moving average of $213.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $186.21 billion, a P/E ratio of 177.55, a PEG ratio of 5.06 and a beta of 1.16. Salesforce, Inc. has a 12-month low of $154.55 and a 12-month high of $311.75.

Salesforce (NYSE:CRMGet Rating) last posted its earnings results on Tuesday, May 31st. The CRM provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Salesforce had a return on equity of 3.92% and a net margin of 3.59%. The company had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Salesforce’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts predict that Salesforce, Inc. will post 2.18 EPS for the current year.

Several equities research analysts have weighed in on the company. The Goldman Sachs Group set a $360.00 price objective on Salesforce and gave the stock a “buy” rating in a research note on Wednesday, March 2nd. KeyCorp reduced their price objective on Salesforce from $281.00 to $223.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. OTR Global cut Salesforce to a “positive” rating in a research note on Thursday, May 12th. Oppenheimer reaffirmed a “buy” rating and set a $205.00 target price on shares of Salesforce in a research note on Wednesday, June 1st. Finally, UBS Group cut their target price on Salesforce from $225.00 to $185.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Five equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $271.80.

Institutional investors and hedge funds have recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Salesforce during the 3rd quarter valued at $6,789,000. Voya Investment Management LLC lifted its holdings in shares of Salesforce by 1.0% during the 3rd quarter. Voya Investment Management LLC now owns 372,747 shares of the CRM provider’s stock valued at $101,097,000 after purchasing an additional 3,858 shares during the last quarter. Candlestick Capital Management LP lifted its holdings in shares of Salesforce by 719.0% during the 3rd quarter. Candlestick Capital Management LP now owns 203,204 shares of the CRM provider’s stock valued at $55,113,000 after purchasing an additional 178,392 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Salesforce by 1.6% during the 4th quarter. Trust Co. of Vermont now owns 34,489 shares of the CRM provider’s stock valued at $8,765,000 after purchasing an additional 528 shares during the last quarter. Finally, Veritable L.P. raised its stake in Salesforce by 2.9% in the 3rd quarter. Veritable L.P. now owns 17,026 shares of the CRM provider’s stock worth $4,618,000 after acquiring an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.

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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