Sen. John Boozman Sells Off Shares of Salesforce, Inc. (NYSE:CRM)

Senator John Boozman (R-Arkansas) recently sold shares of Salesforce, Inc. NYSE: CRM. In a filing disclosed on May 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Salesforce stock on April 22nd.

Senator John Boozman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 4/16/2025.
• Purchased $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 4/16/2025.
• Purchased $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 4/16/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/15/2025.
• Sold $1,001 - $15,000 in shares of Bank of America NYSE: BAC on 4/15/2025.
• Purchased $1,001 - $15,000 in shares of iShares iBoxx $ High Yield Corporate Bond ETF NYSEARCA: HYG on 4/9/2025.

Salesforce Stock Down 0.1%

NYSE:CRM traded down $0.26 during trading hours on Thursday, hitting $290.48. The company's stock had a trading volume of 4,633,150 shares, compared to its average volume of 6,873,864. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The stock has a market capitalization of $279.26 billion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The stock has a fifty day moving average of $267.47 and a 200-day moving average of $307.10.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio is currently 26.10%.

Institutional Investors Weigh In On Salesforce

A number of institutional investors have recently added to or reduced their stakes in CRM. Paragon Private Wealth Management LLC lifted its holdings in shares of Salesforce by 3.8% during the first quarter. Paragon Private Wealth Management LLC now owns 5,464 shares of the CRM provider's stock worth $1,466,000 after purchasing an additional 202 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in Salesforce by 13.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 222,993 shares of the CRM provider's stock worth $59,845,000 after buying an additional 25,985 shares during the last quarter. Unisphere Establishment lifted its stake in shares of Salesforce by 23.6% in the 1st quarter. Unisphere Establishment now owns 523,000 shares of the CRM provider's stock valued at $140,352,000 after purchasing an additional 100,000 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Salesforce by 2.7% in the 1st quarter. EP Wealth Advisors LLC now owns 107,781 shares of the CRM provider's stock valued at $28,924,000 after purchasing an additional 2,882 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its holdings in shares of Salesforce by 8.9% in the 1st quarter. GW Henssler & Associates Ltd. now owns 66,450 shares of the CRM provider's stock valued at $17,833,000 after buying an additional 5,413 shares during the period. Institutional investors own 80.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. Westpark Capital reaffirmed a "buy" rating and issued a $320.00 target price on shares of Salesforce in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a report on Friday, April 25th. Cantor Fitzgerald began coverage on shares of Salesforce in a report on Wednesday, April 23rd. They issued an "overweight" rating and a $210.00 price target on the stock. Scotiabank reduced their target price on shares of Salesforce from $400.00 to $345.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, Wells Fargo & Company dropped their price target on shares of Salesforce from $310.00 to $255.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $352.62.

Insiders Place Their Bets

In related news, CAO Sundeep G. Reddy sold 1,909 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $284.58, for a total value of $543,263.22. Following the completion of the transaction, the chief accounting officer now directly owns 11,310 shares of the company's stock, valued at $3,218,599.80. This trade represents a 14.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the sale, the chief financial officer now owns 46,750 shares in the company, valued at $15,342,415. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,527 shares of company stock worth $14,882,976 in the last quarter. 3.20% of the stock is owned by company insiders.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.