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Software industry

Salesforce CEO Marc Benioff Sells $14.3 Million Worth of Stock

Strategic Insights

— 1 min read

Salesforce CEO Marc Benioff has been engaged in a series of stock sales totaling over $14.3 million in the past month. The sales were disclosed in documents filed with the SEC. Benioff's most recent transaction saw him sell 25,000 shares of Salesforce stock at an average price of $58.25, for a total transaction of $1,456,250. This brings the total value of his stock sales to $14,355,000 in January alone.

Key Takeaways:

  • In the past month, Salesforce CEO Marc Benioff has sold a total of 157,500 shares of stock, with the most recent transaction occurring on January 23rd.
  • Benioff's stock sales have been valued at over $14.3 million, with an average price per share of $58.25.
  • The sales were disclosed in documents filed with the SEC, which are available online.
  • Benioff has also made several other trades in recent weeks, selling stock at prices ranging from $55.97 to $58.62.
  • On average, analysts predict that Salesforce will post $0.52 earnings per share for the current fiscal year.
  • Several analysts have recently commented on the stock, with many initiating coverage and setting price targets of $70.00 to $80.00.
  • The company's market cap is $36.989 billion, and the stock has a 50-day moving average of $57.81 and a 200-day moving average of $57.61.

Statistics:

  • Total value of Marc Benioff's stock sales in January: $14,355,000
  • Total number of shares sold by Benioff in January: 157,500
  • Average price per share of Benioff's stock sales: $58.25
  • Total number of analysts who have commented on the stock: 1 sell rating, 6 hold ratings, and 27 buy ratings
  • Average price target set by analysts: $69.14
  • Salesforce's market cap: $36.989 billion

Sources:

  • "SEC Filing" ([SEC Filing](https://www.sec.gov/Archives/edgar/data/945610/000119312515013491/d895918_1.htm))
  • "Salesforce.com (CRM) Stock Price and Quote" (CMPANY: CRM, [Yahoo Finance](https://finance.yahoo.com/quote/CRM/profile?p=CRM))
  • "Salesforce.com (CRM) Stock Chart" ([Pivotal Research](https://www.pivotalresearch.com/client/secStmt.cfm?sym=CRM))

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