Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 15,000 Shares of Stock

Salesforce, Inc. (NYSE:CRMGet Free Report) CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $301.72, for a total value of $4,525,800.00. Following the completion of the transaction, the chief executive officer now owns 13,011,166 shares in the company, valued at $3,925,729,005.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, March 27th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $301.45, for a total value of $4,521,750.00.
  • On Monday, March 25th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $305.86, for a total transaction of $4,587,900.00.
  • On Thursday, March 21st, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $309.64, for a total transaction of $4,644,600.00.
  • On Tuesday, March 19th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $299.59, for a total transaction of $4,493,850.00.
  • On Friday, March 15th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $296.12, for a total value of $4,441,800.00.
  • On Wednesday, March 13th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $306.23, for a total transaction of $4,593,450.00.
  • On Monday, March 11th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $304.97, for a total transaction of $4,574,550.00.
  • On Wednesday, March 6th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $304.25, for a total transaction of $4,563,750.00.
  • On Friday, March 1st, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $315.54, for a total transaction of $4,733,100.00.
  • On Wednesday, February 28th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $299.36, for a total value of $4,490,400.00.

Salesforce Price Performance

Shares of NYSE:CRM opened at $304.02 on Wednesday. Salesforce, Inc. has a fifty-two week low of $187.31 and a fifty-two week high of $318.71. 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 simple moving average of $295.56 and a 200 day simple moving average of $254.02. The company has a market cap of $294.90 billion, a PE ratio of 72.39, a P/E/G ratio of 2.32 and a beta of 1.28.

Salesforce (NYSE:CRMGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same period in the prior year, the business posted $1.01 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.53%. Salesforce’s dividend payout ratio is currently 9.52%.

Analyst Upgrades and Downgrades

CRM has been the subject of several analyst reports. Needham & Company LLC raised their price objective on shares of Salesforce from $275.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price objective on Salesforce from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Evercore ISI increased their target price on Salesforce from $290.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Citigroup boosted their target price on shares of Salesforce from $265.00 to $325.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $350.00 price objective on shares of Salesforce in a report on Thursday, March 7th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $304.32.

View Our Latest Stock Report on CRM

Institutional Trading of Salesforce

A number of institutional investors and hedge funds have recently modified their holdings of CRM. ST Germain D J Co. Inc. grew its holdings in Salesforce by 0.8% in the 1st quarter. ST Germain D J Co. Inc. now owns 21,286 shares of the CRM provider’s stock valued at $6,411,000 after buying an additional 178 shares during the last quarter. Modus Advisors LLC raised its position in Salesforce by 3.5% in the first quarter. Modus Advisors LLC now owns 12,602 shares of the CRM provider’s stock worth $3,795,000 after purchasing an additional 424 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Salesforce in the fourth quarter valued at $51,000. Newbridge Financial Services Group Inc. lifted its holdings in Salesforce by 25.1% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,701 shares of the CRM provider’s stock valued at $974,000 after purchasing an additional 743 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Salesforce in the 4th quarter worth approximately $4,856,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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

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