Salesforce (NYSE:CRM) Stock Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of Salesforce, Inc. (NYSE:CRM). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Salesforce stock on May 12th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 5/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/12/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.

Salesforce Stock Up 1.4%

CRM traded up $3.64 during trading on Thursday, hitting $266.81. The company had a trading volume of 8,637,268 shares, compared to its average volume of 7,101,689. The company has a market capitalization of $255.07 billion, a PE ratio of 43.88, a PEG ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a one year low of $227.77 and a one year high of $369.00. The firm's 50-day moving average price is $266.51 and its 200 day moving average price is $303.30.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. The company had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.44 earnings per share. As a group, equities analysts expect that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Buying and Selling

In other Salesforce news, CAO Sundeep G. Reddy sold 500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $275.00, for a total transaction of $137,500.00. Following the sale, the chief accounting officer now directly owns 11,711 shares of the company's stock, valued at $3,220,525. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Srinivas Tallapragada sold 6,697 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the completion of the sale, the insider now directly owns 41,422 shares in the company, valued at approximately $12,219,490. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,332 shares of company stock worth $11,024,802 in the last 90 days. Insiders own 3.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CRM shares. Piper Sandler boosted their price target on shares of Salesforce from $315.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Wells Fargo & Company increased their price target on Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. DA Davidson restated an "underperform" rating and issued a $200.00 price target on shares of Salesforce in a research note on Wednesday, May 28th. Barclays dropped their price objective on Salesforce from $425.00 to $347.00 and set an "overweight" rating on the stock in a research note on Thursday, May 29th. Finally, Citigroup cut their price objective on Salesforce from $320.00 to $295.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $346.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Bernard Wealth Management Corp. acquired a new position in Salesforce during the 4th quarter worth approximately $25,000. Accredited Wealth Management LLC bought a new stake in shares of Salesforce during the fourth quarter worth $27,000. Arlington Trust Co LLC increased its holdings in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce in the 4th quarter valued at $30,000. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 80.43% of the company's stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Salesforce Company Profile

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.