Business

Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 2,300 Shares

Salesforce, Inc. (NYSE:CRM) CEO Marc Benioff Sells 2,300 Shares #Salesforce #NYSECRM #CEO #Marc #Benioff #Sells #Shares Welcome to Americanah Blog, here is the new story we have for you today:

You Can Click Here To View Restricted Videos/Images in this Article

Salesforce, Inc. (NYSE:CRMGet Rating) CEO Marc Benioff sold 2,300 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $151.79, for a total value of $349,117.00. Following the sale, the chief executive officer now directly owns 27,761,368 shares of the company’s stock, valued at approximately $4,213,898,048.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

On Friday, September 16th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $151.07, for a total value of $347,461.00.
On Wednesday, September 14th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $160.06, for a total value of $368,138.00.
On Monday, September 12th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $164.15, for a total value of $377,545.00.
On Thursday, September 8th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $155.51, for a total value of $357,673.00.
On Monday, August 29th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $162.57, for a total value of $373,911.00.
On Friday, August 26th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $169.05, for a total value of $388,815.00.
On Wednesday, August 24th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $179.53, for a total value of $412,919.00.
On Monday, August 22nd, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $177.43, for a total value of $408,089.00.
On Friday, August 19th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $183.26, for a total value of $421,498.00.
On Wednesday, August 17th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $187.79, for a total value of $431,917.00.

Salesforce Trading Down 2.0 %

Shares of CRM stock opened at $149.80 on Wednesday. The company has a market cap of $149.80 billion, a P/E ratio of 277.41, a PEG ratio of 4.11 and a beta of 1.12. The stock has a 50 day simple moving average of $172.71 and a two-hundred day simple moving average of $179.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. Salesforce, Inc. has a fifty-two week low of $148.85 and a fifty-two week high of $311.75.

Salesforce (NYSE:CRMGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The CRM provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.70 billion. Salesforce had a return on equity of 3.32% and a net margin of 1.83%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. Research analysts forecast that Salesforce, Inc. will post 2.2 earnings per share for the current year.

Salesforce announced that its board has approved a stock buyback plan on Wednesday, August 24th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the CRM provider to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Salesforce

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Salesforce by 1.9% during the first quarter. Vanguard Group Inc. now owns 77,620,937 shares of the CRM provider’s stock worth $16,480,478,000 after buying an additional 1,458,042 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Salesforce by 40.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 46,707,038 shares of the CRM provider’s stock worth $7,708,529,000 after buying an additional 13,483,854 shares in the last quarter. State Street Corp grew its holdings in Salesforce by 1.0% during the first quarter. State Street Corp now owns 44,687,516 shares of the CRM provider’s stock worth $9,488,053,000 after buying an additional 433,659 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Salesforce by 4.6% during the first quarter. Fisher Asset Management LLC now owns 15,234,715 shares of the CRM provider’s stock worth $3,234,635,000 after buying an additional 669,616 shares in the last quarter. Finally, Norges Bank bought a new stake in Salesforce during the fourth quarter worth $2,689,030,000. Institutional investors own 77.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRM. Piper Sandler decreased their price target on Salesforce from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, August 25th. Cowen decreased their price target on Salesforce from $225.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, August 25th. Oppenheimer raised their price target on Salesforce from $205.00 to $240.00 in a research report on Friday, August 19th. JPMorgan Chase & Co. decreased their price target on Salesforce from $275.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, August 25th. Finally, William Blair restated an “outperform” rating on shares of Salesforce in a research report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.21.

About Salesforce

(Get Rating)

Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company’s service offerings include 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.

Read More

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

Receive News & Ratings for Salesforce Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Salesforce and related companies with MarketBeat.com’s FREE daily email newsletter.

Click Here To Continue Reading from Source

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button