Rep. Jefferson Shreve Sells Off Shares of Salesforce, Inc. (NYSE:CRM)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Salesforce, Inc. NYSE: CRM. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Salesforce stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Salesforce Price Performance

CRM traded up $2.59 during trading on Tuesday, reaching $291.41. The stock had a trading volume of 1,647,990 shares, compared to its average volume of 6,824,350. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day moving average of $267.27 and a 200-day moving average of $307.35. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The stock has a market cap of $280.15 billion, a PE ratio of 47.93, a PEG ratio of 2.58 and a beta of 1.42.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were issued a $0.42 dividend. This is a positive change from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.58%. Salesforce's dividend payout ratio is presently 26.10%.

Insiders Place Their Bets

In other news, insider Miguel Milano sold 458 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total transaction of $141,050.26. Following the transaction, the insider now owns 5,864 shares in the company, valued at approximately $1,805,936.08. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 500 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $275.00, for a total transaction of $137,500.00. Following the completion of the sale, the chief accounting officer now directly owns 11,711 shares of the company's stock, valued at approximately $3,220,525. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,830 shares of company stock worth $12,907,361 over the last quarter. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on Salesforce from $405.00 to $393.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. TD Cowen upgraded Salesforce from a "hold" rating to a "buy" rating and boosted their price objective for the company from $380.00 to $400.00 in a research report on Friday, January 17th. Bank of America cut their target price on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Redburn Atlantic assumed coverage on shares of Salesforce in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. Finally, Piper Sandler lowered their price objective on shares of Salesforce from $400.00 to $315.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of "Moderate Buy" and an average target price of $350.56.

Hedge Funds Weigh In On Salesforce

Several large investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. bought a new stake in Salesforce in the fourth quarter worth about $25,000. Accredited Wealth Management LLC purchased a new stake in shares of Salesforce in the fourth quarter worth approximately $27,000. Arlington Trust Co LLC boosted its holdings in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after acquiring an additional 40 shares during the period. Compass Financial Services Inc bought a new position in Salesforce in the 4th quarter valued at $30,000. Finally, Asset Planning Inc bought a new position in Salesforce in the 4th quarter valued at $31,000. Institutional investors own 80.43% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.