Salesforce, Inc. (NYSE:CRM) CEO Sells $4,587,900.00 in Stock

Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $305.86, for a total value of $4,587,900.00. Following the sale, the chief executive officer now owns 13,071,166 shares in the company, valued at approximately $3,997,946,832.76. The sale 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 Thursday, March 21st, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was 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 stock was 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 stock was 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 shares were sold at an average price of $306.23, for a total value of $4,593,450.00.
• On Monday, March 11th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $304.97, for a total value of $4,574,550.00.
• On Wednesday, March 6th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $304.25, for a total value of $4,563,750.00.
• On Friday, March 1st, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $315.54, for a total value of $4,733,100.00.
• On Wednesday, February 28th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $299.36, for a total value of $4,490,400.00.
• On Monday, February 26th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $300.46, for a total value of $4,506,900.00.
• On Friday, February 23rd, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $293.39, for a total value of $4,400,850.00.

Salesforce Trading Down 1.4 %

Shares of CRM stock opened at $301.41 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. Salesforce, Inc. has a 52-week low of $187.31 and a 52-week high of $318.71. The company has a market capitalization of $292.37 billion, a PE ratio of 71.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.28. The business’s fifty day moving average is $293.59 and its 200 day moving average is $251.75.

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

Salesforce Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.53%. Salesforce’s dividend payout ratio is presently 9.52%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in Salesforce in the fourth quarter valued at $26,000. Signature Resources Capital Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $26,000. Union Savings Bank bought a new position in shares of Salesforce during the second quarter valued at about $27,000. Aspect Partners LLC bought a new position in shares of Salesforce during the fourth quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of Salesforce during the fourth quarter valued at about $31,000. Institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

CRM has been the subject of a number of recent research reports. Morgan Stanley raised Salesforce from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $290.00 to $350.00 in a report on Thursday, December 21st. Oppenheimer boosted their price objective on Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Argus boosted their price objective on Salesforce from $290.00 to $354.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wedbush upped their target price on Salesforce from $280.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, JMP Securities upped their target price on Salesforce from $293.00 to $342.00 and gave the company a “market outperform” rating in a report on Thursday, February 29th. Nine investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.32.

Salesforce Company Profile

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.