Rep. Josh Gottheimer Sells Off Shares of Salesforce Inc. (NYSE:CRM)

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 Performance

Salesforce stock traded up $0.25 on Monday, reaching $269.36. 2,052,414 shares of the stock were exchanged, compared to its average volume of 7,113,758. 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 twelve month low of $230.00 and a twelve month high of $369.00. The firm has a fifty day moving average price of $268.07 and a two-hundred day moving average price of $283.68. The stock has a market cap of $257.50 billion, a PE ratio of 42.14, a PEG ratio of 2.44 and a beta of 1.36.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping 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 return on equity of 12.94% and a net margin of 16.08%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, June 18th. Salesforce's payout ratio is presently 25.98%.

Insider Activity

In related news, insider Srinivas Tallapragada sold 6,697 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the completion of the transaction, the insider directly owned 41,422 shares of the company's stock, valued at approximately $12,219,490. This represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $271.69, for a total value of $611,302.50. Following the transaction, the chief executive officer directly owned 11,862,457 shares of the company's stock, valued at $3,222,910,942.33. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,479 shares of company stock valued at $9,091,796 over the last ninety days. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CRM. Jefferies Financial Group reduced their target price on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Mizuho lowered their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Sanford C. Bernstein upped their target price on Salesforce from $243.00 to $255.00 and gave the company an "underperform" rating in a research note on Thursday, May 29th. Erste Group Bank downgraded shares of Salesforce from a "buy" rating to a "hold" rating in a research note on Thursday, June 5th. Finally, Piper Sandler upped their price objective on Salesforce from $315.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $348.16.

Institutional Investors Weigh In On Salesforce

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the fourth quarter worth about $25,000. Painted Porch Advisors LLC increased its holdings in shares of Salesforce by 260.0% in the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Salesforce in the fourth quarter worth about $27,000. Capital A Wealth Management LLC boosted 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 buying an additional 90 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after buying an additional 85 shares during the period. Institutional investors own 80.43% of the company's stock.

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.

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.