Rep. Ritchie Torres Sells Off Shares of Salesforce Inc. (NYSE:CRM)

Key Points

• Representative Ritchie Torres sold shares of Salesforce Inc. (NYSE:CRM) valued between $1,001 and $15,000 on July 11th, as disclosed in a filing on August 20th.
• Salesforce's stock recently traded at $248.015 with a market cap of $237.10 billion, and reported a net margin of 16.08% for the last quarter.
• The company announced a quarterly dividend of $0.416, translating to an annual yield of 0.7%, which reflects a payout ratio of 25.98%.

Representative Ritchie Torres (D-New York) recently sold shares of Salesforce Inc. NYSE: CRM. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Salesforce stock on July 11th.

Representative Ritchie Torres also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Equity Lifestyle Properties NYSE: ELS on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Northrop Grumman NYSE: NOC on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 7/11/2025.
• Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Equity Residential NYSE: EQR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of McKesson NYSE: MCK on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Ares Management NYSE: ARES on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Otis Worldwide NYSE: OTIS on 7/11/2025.

Salesforce Stock Up 0.9%

CRM traded up $2.1850 during trading hours on Friday, hitting $248.0150. 6,688,372 shares of the company's stock were exchanged, compared to its average volume of 7,236,728. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00. The stock's 50-day moving average is $258.58 and its two-hundred day moving average is $273.10. The stock has a market cap of $237.10 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.24 and a beta of 1.37.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.03. The business had revenue of $9.83 billion during the quarter, compared to analysts' expectations of $9.74 billion. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm's revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $2.44 earnings per share. Salesforce has set its FY 2026 guidance at 11.270-11.330 EPS. Q2 2026 guidance at 2.760-2.780 EPS. Sell-side analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal 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 $0.416 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.66 annualized dividend and a yield of 0.7%. Salesforce's payout ratio is presently 25.98%.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of research reports. Stephens decreased their price target on shares of Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a research note on Friday, May 30th. Westpark Capital reaffirmed a "buy" rating and issued a $320.00 price objective on shares of Salesforce in a report on Wednesday, May 28th. Barclays dropped their target price on Salesforce from $347.00 to $316.00 and set an "overweight" rating for the company in a report on Monday. Oppenheimer reissued an "outperform" rating and set a $370.00 price target on shares of Salesforce in a research report on Tuesday, June 10th. Finally, JMP Securities reiterated a "market outperform" rating and set a $430.00 price objective on shares of Salesforce in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $342.89.

Institutional Trading of Salesforce

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% in the 4th quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider's stock valued at $8,582,000 after acquiring an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider's stock worth $611,000 after purchasing an additional 205 shares in the last quarter. Jump Financial LLC acquired a new stake in Salesforce in the 4th quarter valued at $361,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Salesforce by 36.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,346 shares of the CRM provider's stock valued at $450,000 after purchasing an additional 356 shares in the last quarter. Finally, Fayez Sarofim & Co raised its holdings in Salesforce by 3.8% during the fourth quarter. Fayez Sarofim & Co now owns 2,746 shares of the CRM provider's stock worth $918,000 after buying an additional 100 shares during the last quarter. Institutional investors own 80.43% of the company's stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $3,061,511,978.42. The trade was a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 52,577 shares of company stock valued at $13,528,188 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

About Representative Torres

Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York's 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Torres (Democratic Party) ran for re-election to the U.S. House to represent New York's 15th Congressional District. He won in the general election on November 5, 2024. Ritchie Torres lives in the Bronx, New York.

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.

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