Rep. Josh Gottheimer Sells Salesforce Inc. (NYSE:CRM) Stock

Key Points

• Representative Josh Gottheimer sold shares of Salesforce Inc. worth between $1,001 and $15,000 on June 4th, as disclosed in a filing on July 16th.
• Salesforce reported a quarterly earnings per share (EPS) of $2.58, exceeding estimates and reflecting a 7.6% year-over-year revenue growth.
• The company's dividend yield is currently 0.61% after a recent quarterly dividend payment of $0.416 per share.
• Institutional investors own 80.43% of Salesforce's stock, indicating significant confidence in the company's future performance.

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Salesforce Inc. NYSE: CRM. In a filing disclosed on July 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Salesforce stock on June 4th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Carvana NYSE: CVNA on 6/20/2025.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 6/20/2025.

Salesforce Stock Up 0.5%

Shares of CRM stock traded up $1.41 during trading hours on Friday, reaching $269.11. The company had a trading volume of 4,013,320 shares, compared to its average volume of 6,704,325. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce Inc. has a twelve month low of $230.00 and a twelve month high of $369.00. The company has a market capitalization of $257.27 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The stock's fifty day simple moving average is $268.07 and its 200 day simple moving average is $284.27.

Salesforce (NYSE:CRM - Get Free Report) last posted its 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. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The business had revenue of $9.83 billion during the quarter, compared to analyst estimates of $9.74 billion. During the same quarter last year, the firm earned $2.44 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Cuts Dividend

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

Institutional Trading of Salesforce

Hedge funds and other institutional investors have recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Salesforce during the fourth quarter worth $25,000. Accredited Wealth Management LLC acquired a new stake in shares of Salesforce during the fourth quarter worth $27,000. Painted Porch Advisors LLC raised its position in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after purchasing an additional 65 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Salesforce during the fourth quarter worth $35,000. Finally, Capital A Wealth Management LLC raised its position in shares of Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares during the period. Institutional investors own 80.43% of the company's stock.

Insider Activity

In other news, CEO Marc Benioff sold 2,250 shares of the business'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 sale, the chief executive officer directly owned 11,911,571 shares of the company's stock, valued at $3,175,148,365.76. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 33,479 shares of company stock worth $9,091,796 over the last quarter. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets lowered their target price on Salesforce from $350.00 to $335.00 and set an "outperform" rating for the company in a research note on Thursday, July 10th. Jefferies Financial Group lowered their price objective on Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Wells Fargo & Company raised their price objective on Salesforce from $255.00 to $275.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. UBS Group set a $404.00 price objective on Salesforce and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, Oppenheimer restated an "outperform" rating and set a $370.00 price objective on shares of Salesforce in a research note on Tuesday, June 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $348.16.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.