January 29, 2023

Salesforce, Inc. (NYSE: CRM) Chief Executive Officer Marc Benioff sold 725 shares on Thursday, January 19. The total amount received for the sale of the shares was $105,284.50, representing an average price of $145.22 per share. Upon completion of the acquisition, the CEO now owns 27,753,609 shares of the Company with an estimated value of approximately $4,030,379,098.98. This page contains the filing containing information about the transaction as filed with the Securities and Exchange Commission (SEC). You can access the submission by clicking here.

Marc Benioff recently completed the following transaction(s):

The following are some examples of common stocks traded on NASDAQ:

On Friday, CRM’s price increased by $4.84 on trading activity, bringing the total price to $151.25. The company’s trading volume was well above the usual level of 9,878,700 shares, reaching a total of 10,116,505 transactions. The stock price has a 50-day moving average which is $141.48 and a 200-day moving average which is $156.20. You can find these two moving averages in the table below. The company’s market capitalization is currently $151.25 billion; It has a price-to-earnings-to-growth ratio of 3.75, a price-to-earnings ratio of 522.89 and a beta value of 1.15. The organization has a debt to equity ratio of 0.16, a quick ratio of 1.05, and a current ratio of 1.05, all adding up to the same value. In the trailing 12 months, Salesforce, Inc.’s price ranged from a low of $126.34 to a high of $234.49. The average price was $126.34.

On November 30th, Salesforce (NYSE: CRM) released its latest earnings report. The CRM provider announced that its quarterly earnings per share (EPS) came in at $1.40, up $0.19 from the median expectation of $1.21. The company’s actual quarterly revenue was $7.84 billion, which is slightly higher than the median revenue forecast of $7.83 billion for the company’s earnings report. Salesforce achieved a return on equity of 3.21 percent and the company’s net margin was 0.92 percent. Compared to the same period last year, the company’s quarterly revenue increased by 14.2%. For the same period last year, the company posted earnings of $0.78 per common share. Most financial experts agree that Salesforce.com, Inc. will end 2018 with earnings per share of $2.38, in line with the consensus forecast.

Customer relationship management (CRM) has been widely discussed in recent analyst reports. Monness Crespi & Hardt changed their previous recommendation for Salesforce from a buy to a neutral in a research report published Nov. 17. Research conducted and released by StockNews.com on December 8 showed that Salesforce had been upgraded from a “hold” rating to a “buy” rating, a change from the company’s previous “hold” rating represents. Piper Sandler lowered her price target for Salesforce from $175.00 to $171.00 in a research report published on Monday, January 9th. Additionally, the brokerage firm rated the company’s stock as overweight. Stifel Nicolaus stated in a research report published on Nov. 28 that they would lower their price target for Salesforce from $200,000 to $185,000. The report was about the company’s market research. Finally, in a report published Dec. 1, Oppenheimer lowered its price target for Salesforce from $200 to $185. However, they maintained their “Outperform” rating for the company. There was one research analyst that rated the stock as a sell, twelve research analysts that rated the stock as a hold, twenty five research analysts that rated the stock as a buy and one research -Analysts Analyst who rated the stock as a ‘strong buy’. The consensus on Salesforce is that it is a “moderate buy” and the company’s average price target is $190.08, as reported by Bloomberg.

Several institutional investors and hedge funds have been very active in the stock market recently, engaging in various transactions including the buying and selling of companies. Financial Management Professionals Inc.’s stake in Salesforce increased by 365.2% in the last three months of 2018. Financial Management Professionals Inc. now owns 214 shares of the CRM provider, valued at $28,000, after purchasing an additional 168 shares during the period in question. This brings the company’s total number of shares to 214. Investors Asset Management of Georgia, Inc. had just ended its fiscal third quarter. GA ADV’s stake in Salesforce increased by 506.1. Since the beginning of the reporting period, Investors Asset Management of Georgia, Inc. has increased the total number of shares it currently owns by 167 shares, bringing the total number of shares it owns to the current total. Currently, GA ADV holds an interest in the CRM vendor’s stock totaling $29,000 split into 200 individual shares. During the third quarter, GHP Investment Advisors Inc. saw a 113.4% increase in the percentage of Salesforce shares it owned. Having purchased an additional 110 shares during the relevant period, GHP Investment Advisors Inc. now has 207 CRM vendor shares currently valued at $30,000. These 207 shares were acquired during the relevant period. In the fourth quarter of 2018, MinichMacGregor Wealth Management LLC made a new investment in Salesforce stock worth approximately $31,000.

Last but not least, the value of Macroview Investment Management LLC’s stake in Salesforce rose 488.1% in the fourth quarter. Macroview Investment Management LLC now has 253 shares of the company with a market capitalization of $34,000. This is the result of purchasing 210 additional shares during the period. Hedge funds and other types of institutional investors collectively own 75.83 percent of the company’s stock.

Salesforce, Inc. develops and distributes customer relationship management (CRM) software that helps businesses connect with their customers around the world. Using the Customer 360 platform that the company makes available, its customers can coordinate their efforts to deliver connected experiences to their company’s customers. Storing data, tracking leads and progress, forecasting prospects, generating insights through analytics and relationship intelligence, and delivering quotes, contracts, and invoices are all part of the Company’s sales services, which is one of the Services, that the company offers. With the help of another service category called “Service”, companies can now offer reliable and highly personalized support and service to many customers.

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