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 firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $182.64, for a total transaction of $420,072.00. Following the completion of the transaction, the chief executive officer now owns 27,761,368 shares in the company, valued at $5,070,336,251.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, July 27th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $178.74, for a total transaction of $411,102.00.
  • On Friday, July 22nd, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $183.21, for a total transaction of $421,383.00.
  • On Wednesday, July 20th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $181.46, for a total transaction of $417,358.00.
  • On Monday, July 18th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $169.97, for a total transaction of $390,931.00.
  • On Friday, July 15th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $165.94, for a total transaction of $381,662.00.
  • On Wednesday, July 13th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $163.89, for a total transaction of $376,947.00.
  • On Monday, July 11th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $174.29, for a total transaction of $400,867.00.
  • On Thursday, July 7th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $175.53, for a total transaction of $403,719.00.
  • On Tuesday, July 5th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $169.17, for a total transaction of $389,091.00.
  • On Friday, July 1st, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $166.81, for a total transaction of $383,663.00.

Salesforce Stock Performance

CRM stock opened at $182.98 on Tuesday. 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 stock has a market cap of $182.07 billion, a P/E ratio of 177.65, a P/E/G ratio of 5.05 and a beta of 1.08. The firm has a 50 day simple moving average of $172.90 and a 200 day simple moving average of $189.76. Salesforce, Inc. has a 52 week low of $154.55 and a 52 week high of $311.75.

Salesforce (NYSE:CRMGet Rating) last posted its earnings results on Tuesday, May 31st. The CRM provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Salesforce had a net margin of 3.59% and a return on equity of 3.92%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Research analysts anticipate that Salesforce, Inc. will post 2.18 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

A number of institutional investors have recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC lifted its stake in Salesforce by 0.5% in the fourth quarter. Insight Wealth Strategies LLC now owns 9,652 shares of the CRM provider’s stock valued at $2,453,000 after acquiring an additional 47 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc. lifted its stake in shares of Salesforce by 4.1% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc. now owns 1,204 shares of the CRM provider’s stock worth $306,000 after buying an additional 47 shares during the last quarter. One One Wealth Management LLC lifted its stake in shares of Salesforce by 3.2% in the fourth quarter. One One Wealth Management LLC now owns 1,629 shares of the CRM provider’s stock worth $414,000 after buying an additional 50 shares during the last quarter. Oak Asset Management LLC lifted its stake in shares of Salesforce by 4.8% in the fourth quarter. Oak Asset Management LLC now owns 1,083 shares of the CRM provider’s stock worth $275,000 after buying an additional 50 shares during the last quarter. Finally, Guardian Capital Advisors LP lifted its stake in shares of Salesforce by 0.5% in the fourth quarter. Guardian Capital Advisors LP now owns 9,302 shares of the CRM provider’s stock worth $2,212,000 after buying an additional 50 shares during the last quarter. 77.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. CICC Research assumed coverage on shares of Salesforce in a research report on Monday, May 9th. They set an “outperform” rating on the stock. KeyCorp dropped their price target on shares of Salesforce from $281.00 to $223.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Barclays boosted their price target on shares of Salesforce from $208.00 to $218.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 1st. JPMorgan Chase & Co. dropped their price target on shares of Salesforce from $316.00 to $275.00 in a research report on Wednesday, June 1st. Finally, Mizuho dropped their price target on shares of Salesforce from $295.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Four analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $270.51.

Salesforce Company Profile

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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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