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

Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 13,041,166 shares in the company, valued at approximately $3,931,259,490.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 25th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was 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 transaction 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 value 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 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.

Salesforce Trading Down 0.1 %

CRM traded down $0.20 on Thursday, reaching $301.18. 4,876,082 shares of the company’s stock were exchanged, compared to its average volume of 5,764,980. Salesforce, Inc. has a twelve month low of $187.31 and a twelve month high of $318.71. The company’s 50 day moving average is $294.19 and its 200-day moving average is $252.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $292.14 billion, a price-to-earnings ratio of 71.75, a PEG ratio of 2.35 and a beta of 1.28.

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

Salesforce Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. UBS Group lifted their price target on shares of Salesforce from $285.00 to $310.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Raymond James increased their price target on Salesforce from $280.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 30th. Wells Fargo & Company upped their target price on shares of Salesforce from $280.00 to $290.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Finally, Stifel Nicolaus boosted their price target on shares of Salesforce from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $304.32.

Institutional Investors Weigh In On Salesforce

A number of large investors have recently modified their holdings of the stock. Bear Mountain Capital Inc. acquired a new stake in Salesforce in the fourth quarter valued at approximately $26,000. Signature Resources Capital Management LLC purchased a new position in shares of Salesforce in the fourth quarter valued at $26,000. Union Savings Bank acquired a new stake in Salesforce during the 2nd quarter valued at $27,000. Aspect Partners LLC purchased a new stake in Salesforce during the 4th quarter worth $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Salesforce in the 4th quarter worth $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

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.