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 June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Salesforce stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Salesforce Trading Up 0.5%

CRM stock traded up $1.41 during trading on Friday, reaching $269.11. 4,013,320 shares of the stock were exchanged, compared to its average volume of 6,704,325. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $268.07 and a 200-day moving average price of $284.27. Salesforce Inc. has a 1 year low of $230.00 and a 1 year high of $369.00. The firm has a market capitalization of $257.27 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.43 and a beta of 1.36.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.03. The business had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The business's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.44 EPS. On average, research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Wednesday, June 18th. Salesforce's dividend payout ratio (DPR) is presently 25.98%.

Insider Activity

In related news, CEO Marc Benioff sold 2,250 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $266.56, for a total transaction of $599,760.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,175,148,365.76. This represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 33,479 shares of company stock worth $9,091,796. Corporate insiders own 3.20% of the company's stock.

Institutional Trading of Salesforce

A number of hedge funds have recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its holdings in shares of Salesforce by 4.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock worth $263,000 after purchasing an additional 31 shares in the last quarter. Mainstream Capital Management LLC grew its holdings in shares of Salesforce by 0.5% during the 4th quarter. Mainstream Capital Management LLC now owns 6,409 shares of the CRM provider's stock worth $2,143,000 after purchasing an additional 33 shares in the last quarter. Delap Wealth Advisory LLC grew its holdings in shares of Salesforce by 2.7% during the 4th quarter. Delap Wealth Advisory LLC now owns 1,336 shares of the CRM provider's stock worth $447,000 after purchasing an additional 35 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Salesforce by 0.5% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 7,082 shares of the CRM provider's stock worth $2,369,000 after purchasing an additional 35 shares in the last quarter. Finally, Wulff Hansen & CO. grew its holdings in shares of Salesforce by 3.5% during the 4th quarter. Wulff Hansen & CO. now owns 1,035 shares of the CRM provider's stock worth $346,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 31st. Guggenheim upgraded shares of Salesforce from a "sell" rating to a "neutral" rating in a research report on Monday, April 21st. Northland Securities reduced their price target on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research report on Thursday, May 29th. BMO Capital Markets reduced their price target on shares of Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, July 10th. Finally, Westpark Capital reiterated a "buy" rating and issued a $320.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $348.16.

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.

About Salesforce

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.