Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 725 Shares

Salesforce, Inc. (NYSE:CRMGet Rating) CEO Marc Benioff sold 725 shares of the company’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $145.22, for a total transaction of $105,284.50. Following the completion of the transaction, the chief executive officer now owns 27,753,609 shares in the company, valued at $4,030,379,098.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, January 17th, Marc Benioff sold 725 shares of Salesforce stock. The shares were sold at an average price of $148.16, for a total transaction of $107,416.00.
  • On Friday, January 13th, Marc Benioff sold 725 shares of Salesforce stock. The stock was sold at an average price of $148.60, for a total transaction of $107,735.00.
  • On Wednesday, January 11th, Marc Benioff sold 725 shares of Salesforce stock. The stock was sold at an average price of $145.25, for a total transaction of $105,306.25.
  • On Monday, January 9th, Marc Benioff sold 725 shares of Salesforce stock. The stock was sold at an average price of $146.77, for a total transaction of $106,408.25.
  • On Friday, January 6th, Marc Benioff sold 725 shares of Salesforce stock. The stock was sold at an average price of $139.30, for a total transaction of $100,992.50.
  • On Wednesday, January 4th, Marc Benioff sold 725 shares of Salesforce stock. The stock was sold at an average price of $139.19, for a total transaction of $100,912.75.
  • On Wednesday, November 2nd, Marc Benioff sold 7,759 shares of Salesforce stock. The shares were sold at an average price of $153.50, for a total transaction of $1,191,006.50.
  • On Monday, October 31st, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $162.80, for a total transaction of $374,440.00.
  • On Friday, October 28th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $161.05, for a total transaction of $370,415.00.
  • On Wednesday, October 26th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $161.51, for a total transaction of $371,473.00.

Salesforce Stock Performance

Shares of CRM stock opened at $151.25 on Monday. The stock has a fifty day moving average of $141.35 and a 200 day moving average of $155.85. Salesforce, Inc. has a 52 week low of $126.34 and a 52 week high of $234.49. The firm has a market capitalization of $151.25 billion, a price-to-earnings ratio of 540.18, a PEG ratio of 3.79 and a beta of 1.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Salesforce (NYSE:CRMGet Rating) last announced its quarterly earnings results on Wednesday, November 30th. The CRM provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. Salesforce had a return on equity of 3.21% and a net margin of 0.92%. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.83 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts expect that Salesforce, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRM has been the topic of several recent research reports. Piper Sandler cut their target price on shares of Salesforce from $175.00 to $171.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. Northland Securities initiated coverage on shares of Salesforce in a research report on Monday, October 17th. They issued a “market perform” rating and a $150.00 price target on the stock. KeyCorp dropped their price target on shares of Salesforce from $210.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 29th. Sanford C. Bernstein downgraded shares of Salesforce from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $134.00 to $119.00 in a research report on Wednesday, January 11th. Finally, Morgan Stanley dropped their price target on shares of Salesforce from $250.00 to $228.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.08.

Institutional Trading of Salesforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantum Private Wealth LLC lifted its position in Salesforce by 0.8% during the fourth quarter. Quantum Private Wealth LLC now owns 9,771 shares of the CRM provider’s stock valued at $1,296,000 after buying an additional 82 shares during the period. Fidelis Capital Partners LLC purchased a new position in Salesforce during the fourth quarter valued at $237,000. Diligent Investors LLC lifted its position in Salesforce by 30.6% during the fourth quarter. Diligent Investors LLC now owns 5,003 shares of the CRM provider’s stock valued at $663,000 after buying an additional 1,172 shares during the period. Secure Asset Management LLC raised its position in shares of Salesforce by 172.1% in the 4th quarter. Secure Asset Management LLC now owns 7,045 shares of the CRM provider’s stock worth $934,000 after purchasing an additional 4,456 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in shares of Salesforce by 116.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,690 shares of the CRM provider’s stock worth $1,683,000 after purchasing an additional 6,816 shares during the last quarter. Hedge funds and other institutional investors own 75.83% 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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