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 firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $280.79, for a total value of $4,211,850.00. Following the completion of the transaction, the chief executive officer now directly owns 13,671,166 shares of the company’s stock, valued at $3,838,726,701.14. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Monday, January 29th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $285.05, for a total value of $4,275,750.00.
  • On Wednesday, January 24th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $278.62, for a total value 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 value 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 value 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 value 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 value of $4,090,350.00.
  • On Wednesday, January 10th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $264.24, for a total value of $3,963,600.00.
  • On Monday, January 8th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $258.59, for a total value of $3,878,850.00.
  • On Thursday, January 4th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $251.61, for a total value of $3,774,150.00.
  • On Tuesday, January 2nd, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $256.24, for a total value of $3,843,600.00.

Salesforce Stock Down 0.1 %

Shares of Salesforce stock opened at $287.69 on Wednesday. Salesforce, Inc. has a twelve month low of $159.65 and a twelve month high of $289.29. The stock has a market capitalization of $278.48 billion, a price-to-earnings ratio of 109.39, a PEG ratio of 2.16 and a beta of 1.28. The business’s 50 day simple moving average is $259.80 and its 200-day simple moving average is $229.28. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

Salesforce (NYSE:CRMGet Free Report) last issued its quarterly earnings data on Wednesday, November 29th. The CRM provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Salesforce had a return on equity of 9.19% and a net margin of 7.63%. The business had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Salesforce, Inc. will post 6.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Salesforce from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. KeyCorp decreased their target price on Salesforce from $272.00 to $268.00 and set an “overweight” rating for the company in a research report on Wednesday, November 22nd. Needham & Company LLC upped their target price on Salesforce from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Argus boosted their price target on Salesforce from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Evercore ISI boosted their price target on Salesforce from $275.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Nine research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.64.

Read Our Latest Report on CRM

Hedge Funds Weigh In On Salesforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Salesforce by 0.3% during the 2nd quarter. State Street Corp now owns 45,653,307 shares of the CRM provider’s stock valued at $9,644,718,000 after acquiring an additional 143,962 shares during the last quarter. Capital World Investors lifted its position in shares of Salesforce by 30.2% during the 2nd quarter. Capital World Investors now owns 19,242,436 shares of the CRM provider’s stock valued at $4,065,157,000 after acquiring an additional 4,458,227 shares during the last quarter. Morgan Stanley lifted its position in shares of Salesforce by 0.8% during the 4th quarter. Morgan Stanley now owns 19,003,836 shares of the CRM provider’s stock valued at $2,519,719,000 after acquiring an additional 149,012 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Salesforce by 8.3% during the 2nd quarter. Capital Research Global Investors now owns 11,306,042 shares of the CRM provider’s stock valued at $2,388,507,000 after acquiring an additional 865,001 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Salesforce by 1.1% during the 3rd quarter. Northern Trust Corp now owns 11,195,108 shares of the CRM provider’s stock valued at $2,270,144,000 after acquiring an additional 121,436 shares during the last quarter. 77.52% of the stock is owned by institutional investors.

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

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