Salesforce, Inc. (NYSE:CRM) CEO Sells $4,521,750.00 in Stock

Salesforce, Inc. (NYSE:CRMGet Free Report) CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $301.45, for a total value of $4,521,750.00. Following the completion of the sale, the chief executive officer now owns 13,041,166 shares of the company’s stock, valued at $3,931,259,490.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, March 25th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $305.86, for a total value 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 value of $4,644,600.00.
  • On Tuesday, March 19th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $299.59, for a total value 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $299.36, for a total transaction of $4,490,400.00.
  • On Monday, February 26th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $300.46, for a total transaction of $4,506,900.00.

Salesforce Trading Down 0.1 %

Shares of CRM stock opened at $301.18 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $292.14 billion, a price-to-earnings ratio of 71.71, a PEG ratio of 2.32 and a beta of 1.28. The stock has a 50 day simple moving average of $295.12 and a 200-day simple moving average of $252.97. Salesforce, Inc. has a 1-year low of $187.31 and a 1-year high of $318.71.

Salesforce (NYSE:CRMGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of research analyst reports. UBS Group boosted their price target on Salesforce from $285.00 to $310.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Citigroup boosted their price target on Salesforce from $265.00 to $325.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Canaccord Genuity Group restated a “buy” rating and set a $350.00 price target on shares of Salesforce in a research note on Thursday, March 7th. Wells Fargo & Company boosted their price target on Salesforce from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, BMO Capital Markets boosted their price target on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $304.32.

Get Our Latest Analysis on CRM

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Graypoint LLC raised its stake in Salesforce by 0.3% in the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock valued at $2,764,000 after purchasing an additional 36 shares during the last quarter. Chase Investment Counsel Corp grew its holdings in Salesforce by 0.3% in the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock valued at $2,730,000 after buying an additional 36 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock valued at $93,000 after buying an additional 36 shares in the last quarter. Opes Wealth Management LLC grew its holdings in Salesforce by 2.9% in the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock valued at $341,000 after buying an additional 37 shares in the last quarter. Finally, Prentice Wealth Management LLC grew its holdings in Salesforce by 1.7% in the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock valued at $604,000 after buying an additional 38 shares in the last quarter. 80.43% of the stock is 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.

Further Reading

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

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