Salesforce (NYSE:CRM) CEO Sells $531,855.00 in Stock

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $236.38, for a total value of $531,855.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,815,657,152.98. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, September 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $244.53, for a total value of $550,192.50.
• On Friday, September 26th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $242.91, for a total value of $546,547.50.
• On Wednesday, September 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.85, for a total value of $553,162.50.
• On Monday, September 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $248.19, for a total value of $558,427.50.
• On Thursday, September 18th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.09, for a total value of $551,452.50.
• On Monday, September 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $242.39, for a total value of $545,377.50.
• On Friday, September 12th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $243.91, for a total value of $548,797.50.
• On Wednesday, September 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $246.66, for a total value of $554,985.00.
• On Monday, September 8th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $251.12, for a total value of $565,020.00.
• On Thursday, September 4th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $241.50, for a total value of $543,375.00.

Salesforce Price Performance

Shares of CRM opened at $239.01 on Friday. The company has a market cap of $227.53 billion, a P/E ratio of 34.74, a PEG ratio of 2.04 and a beta of 1.19. The stock has a fifty day moving average price of $247.24 and a 200 day moving average price of $260.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. Salesforce Inc. has a 12 month low of $226.48 and a 12 month high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce’s dividend payout ratio is presently 24.13%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Painted Porch Advisors LLC boosted its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in Salesforce during the second quarter valued at about $27,000. Capital A Wealth Management LLC boosted its stake in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Finally, Abound Financial LLC bought a new position in Salesforce during the first quarter valued at about $31,000. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CRM. KeyCorp lowered their price objective on Salesforce from $440.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, September 4th. Citigroup increased their price target on Salesforce from $275.00 to $276.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, September 4th. Stifel Nicolaus decreased their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Finally, Morgan Stanley increased their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Twenty-six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.58.

About Salesforce

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.