Salesforce, Inc. (NYSE:CRM - Get Free Report) CEO Marc Benioff sold 15,000 shares of the firm's stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $276.83, for a total transaction of $4,152,450.00. Following the transaction, the chief executive officer now owns 12,857,327 shares of the company's stock, valued at approximately $3,559,293,833.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marc Benioff also recently made the following trade(s):
- On Monday, April 15th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $278.06, for a total transaction of $4,170,900.00.
- On Friday, April 12th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $295.74, for a total transaction of $4,436,100.00.
- On Wednesday, April 10th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $299.42, for a total transaction of $4,491,300.00.
- On Monday, April 8th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $302.03, for a total transaction of $4,530,450.00.
- On Friday, April 5th, Marc Benioff sold 15,000 shares of Salesforce stock. The stock was sold at an average price of $300.14, for a total transaction of $4,502,100.00.
- On Wednesday, April 3rd, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $305.42, for a total transaction of $4,581,300.00.
- On Monday, April 1st, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $301.72, for a total transaction of $4,525,800.00.
- On Wednesday, March 27th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $301.45, for a total transaction of $4,521,750.00.
- On Monday, March 25th, Marc Benioff sold 15,000 shares of Salesforce stock. The shares were sold at an average price of $305.86, for a total transaction 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 transaction of $4,644,600.00.
Salesforce Price Performance
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CRM opened at $271.85 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 12 month low of $190.57 and a 12 month high of $318.71. The company has a fifty day simple moving average of $297.70 and a 200 day simple moving average of $260.97. The stock has a market cap of $263.69 billion, a P/E ratio of 64.73, a P/E/G ratio of 2.13 and a beta of 1.28.
Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, research analysts expect that Salesforce, Inc. will post 7.45 EPS for the current year.
Salesforce Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, March 13th. Salesforce's dividend payout ratio (DPR) is presently 9.52%.
Hedge Funds Weigh In On Salesforce
A number of large investors have recently added to or reduced their stakes in the company. Graypoint LLC increased its holdings in Salesforce by 0.3% during the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider's stock worth $2,764,000 after purchasing an additional 36 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in shares of Salesforce by 0.3% during the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider's stock worth $2,730,000 after buying an additional 36 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Salesforce by 11.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider's stock worth $93,000 after buying an additional 36 shares during the last quarter. Opes Wealth Management LLC boosted its stake in shares of Salesforce by 2.9% during the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider's stock worth $341,000 after buying an additional 37 shares during the last quarter. Finally, Prentice Wealth Management LLC boosted its stake in shares of Salesforce by 1.7% during the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider's stock worth $604,000 after buying an additional 38 shares during the last quarter. Institutional investors own 80.43% of the company's stock.
Wall Street Analysts Forecast Growth
CRM has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Salesforce from $280.00 to $290.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 21st. Wedbush boosted their price objective on shares of Salesforce from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Piper Sandler restated a "neutral" rating and issued a $300.00 price objective on shares of Salesforce in a research report on Monday. Mizuho restated a "buy" rating and issued a $345.00 price objective (up previously from $325.00) on shares of Salesforce in a research report on Thursday, February 29th. Finally, KeyCorp started coverage on shares of Salesforce in a research report on Thursday, March 21st. They issued a "sector weight" rating for the company. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.87.
Read Our Latest Analysis on CRM
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 artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.
Further Reading
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