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

Key Points

• Representative David Taylor purchased shares of Salesforce (NYSE:CRM) valued between $1,001 and $15,000 on August 7th, as disclosed in a filing on September 2nd.
• Salesforce reported strong quarterly earnings, with an EPS of $2.91 surpassing estimates of $2.78 and a revenue of $10.24 billion, up 9.8% year-over-year.
• Institutional investors hold 80.43% of Salesforce's stock, indicating significant confidence in the company's performance and growth potential.

Representative David Taylor (R-Ohio) recently bought shares of Salesforce Inc. (NYSE:CRM). In a filing disclosed on September 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Salesforce stock on August 7th. 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 Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 8/14/2025.
• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/7/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/7/2025.
• Purchased $1,001 - $15,000 in shares of Vertex Pharmaceuticals NASDAQ: VRTX on 8/7/2025.

Salesforce Stock Down 4.7%

Shares of NYSE:CRM traded down $12.13 during trading on Thursday, hitting $244.32. 30,809,672 shares of the company's stock traded hands, compared to its average volume of 7,452,230. The company has a 50-day moving average price of $256.61 and a 200-day moving average price of $268.18. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52 week low of $226.48 and a 52 week high of $369.00. The company has a market cap of $233.57 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22.

Salesforce (NYSE:CRM - Get Free Report) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 12.94% and a net margin of 16.08%.The company's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price on the stock in a research report on Friday, August 15th. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday. Northland Securities lowered their price objective on shares of Salesforce from $423.00 to $396.00 and set an "outperform" rating on the stock in a research note on Thursday, May 29th. Stephens reduced their price target on Salesforce from $311.00 to $309.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Sanford C. Bernstein cut their price objective on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $331.34.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 63,827 shares of company stock worth $16,342,398. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AIA Group Ltd grew its stake in shares of Salesforce by 8.0% in the first quarter. AIA Group Ltd now owns 32,885 shares of the CRM provider's stock worth $8,825,000 after purchasing an additional 2,436 shares during the last quarter. Notis McConarty Edward lifted its position in shares of Salesforce by 71.6% in the 1st quarter. Notis McConarty Edward now owns 3,844 shares of the CRM provider's stock worth $1,032,000 after purchasing an additional 1,604 shares during the period. Aberdeen Group plc boosted its stake in shares of Salesforce by 1.5% in the 1st quarter. Aberdeen Group plc now owns 1,036,482 shares of the CRM provider's stock valued at $274,802,000 after purchasing an additional 15,782 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Salesforce by 43.0% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 104,834 shares of the CRM provider's stock valued at $28,133,000 after acquiring an additional 31,537 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its holdings in Salesforce by 121.9% during the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 355,000 shares of the CRM provider's stock worth $95,222,000 after acquiring an additional 195,000 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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.