Marc Benioff Sells 122 Shares of Salesforce (NYSE:CRM) Stock

Salesforce Inc. (NYSE:CRM) CEO Marc Benioff sold 122 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, October 31st, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $258.20, for a total value of $580,950.00.
• On Wednesday, October 29th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $252.04, for a total value of $567,090.00.
• On Monday, October 27th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $256.13, for a total transaction of $576,292.50.
• On Friday, October 24th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $255.56, for a total transaction of $575,010.00.
• On Wednesday, October 22nd, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $259.01, for a total transaction of $582,772.50.
• On Monday, October 20th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $252.28, for a total transaction of $567,630.00.
• On Friday, October 17th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $244.64, for a total transaction of $550,440.00.
• On Wednesday, October 15th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $238.37, for a total transaction of $536,332.50.
• On Friday, October 10th, Marc Benioff sold 2,250 shares of Salesforce stock. The stock was sold at an average price of $243.60, for a total value of $548,100.00.
• On Monday, October 13th, Marc Benioff sold 2,250 shares of Salesforce stock. The shares were sold at an average price of $245.91, for a total value of $553,297.50.

Salesforce Stock Down 0.6%

Shares of Salesforce stock opened at $252.82 on Thursday. The company has a market capitalization of $240.68 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $248.05 and a two-hundred day moving average of $258.26. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.56 EPS. Salesforce’s revenue for the quarter was up 9.8% on a year-over-year basis. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Salesforce by 1.0% during the second quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after buying an additional 909,853 shares during the last quarter. State Street Corp grew its position in shares of Salesforce by 1.6% in the 2nd quarter. State Street Corp now owns 49,260,918 shares of the CRM provider’s stock valued at $13,452,998,000 after acquiring an additional 776,300 shares during the period. Geode Capital Management LLC increased its stake in shares of Salesforce by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after purchasing an additional 114,504 shares during the last quarter. Norges Bank acquired a new position in shares of Salesforce during the 2nd quarter worth about $2,826,049,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after purchasing an additional 600,386 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Tuesday, October 14th. Stifel Nicolaus cut their price target on Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective for the company. in a report on Tuesday, October 14th. Macquarie reissued a “neutral” rating and issued a $250.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Finally, Bank of America cut their target price on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, August 26th. Twenty-five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.23.

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.