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

Salesforce, Inc. (NYSE:CRMGet Free Report) CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $285.82, for a total transaction of $4,287,300.00. Following the completion of the transaction, the chief executive officer now owns 13,581,166 shares in the company, valued at $3,881,768,866.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, January 31st, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $282.95, for a total transaction of $4,244,250.00.
  • On Monday, January 29th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $285.05, for a total transaction of $4,275,750.00.
  • On Friday, January 26th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $280.79, for a total transaction of $4,211,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $278.62, for a total transaction of $4,179,300.00.
  • On Monday, January 22nd, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $282.55, for a total transaction of $4,238,250.00.
  • On Thursday, January 18th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $274.01, for a total transaction of $4,110,150.00.
  • On Tuesday, January 16th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $269.77, for a total transaction of $4,046,550.00.
  • On Friday, January 12th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $272.69, for a total transaction of $4,090,350.00.
  • On Wednesday, January 10th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $264.24, for a total transaction of $3,963,600.00.
  • On Monday, January 8th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $258.59, for a total transaction of $3,878,850.00.

Salesforce Stock Performance

Shares of CRM stock opened at $285.80 on Wednesday. The stock has a market cap of $276.65 billion, a P/E ratio of 108.67, a P/E/G ratio of 1.84 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a fifty day moving average price of $265.85 and a two-hundred day moving average price of $231.24. Salesforce, Inc. has a one year low of $159.65 and a one year high of $289.29.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings results on Wednesday, November 29th. The CRM provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Salesforce had a net margin of 7.63% and a return on equity of 9.19%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, equities analysts predict that Salesforce, Inc. will post 6.02 EPS for the current year.

Institutional Trading of Salesforce

A number of hedge funds have recently modified their holdings of the stock. Graypoint LLC lifted its stake in shares of Salesforce by 0.3% during the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock worth $2,764,000 after buying an additional 36 shares during the last quarter. Chase Investment Counsel Corp lifted its stake in shares of Salesforce by 0.3% during the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after buying an additional 36 shares during the last quarter. Opes Wealth Management LLC lifted its stake in shares of Salesforce by 2.9% during the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock worth $341,000 after buying an additional 37 shares during the last quarter. Prentice Wealth Management LLC increased its position in Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock worth $604,000 after acquiring an additional 38 shares during the period. Finally, MV Capital Management Inc. increased its position in Salesforce by 3.9% during the fourth quarter. MV Capital Management Inc. now owns 1,045 shares of the CRM provider’s stock worth $275,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 77.52% of the company’s stock.

Analyst Ratings Changes

CRM has been the subject of a number of recent research reports. Oppenheimer boosted their price target on shares of Salesforce from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Evercore ISI upped their target price on shares of Salesforce from $275.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Truist Financial reaffirmed a “buy” rating and issued a $275.00 target price on shares of Salesforce in a research note on Thursday, November 30th. Raymond James upped their target price on shares of Salesforce from $280.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 30th. Finally, KeyCorp lowered their target price on shares of Salesforce from $272.00 to $268.00 and set an “overweight” rating for the company in a research note on Wednesday, November 22nd. Nine investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $262.64.

Read Our Latest Analysis on Salesforce

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 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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