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

Representative David Taylor (R-Ohio) recently bought shares of Salesforce Inc. (NYSE:CRM). In a filing disclosed on June 26th, the Representative disclosed that they had bought between $1,001 and $15,000 in Salesforce stock on June 11th. 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):

• Sold $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 5/14/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 5/14/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 5/14/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 5/13/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 5/12/2025.
• Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 5/12/2025.

Salesforce Stock Performance

Shares of CRM opened at $262.40 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The firm has a market cap of $250.85 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 2.38 and a beta of 1.36. The company’s 50 day simple moving average is $270.45 and its 200-day simple moving average is $286.17. Salesforce Inc. has a 12-month low of $230.00 and a 12-month high of $369.00.

Salesforce (NYSE:CRM) last issued its quarterly earnings results 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. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The firm had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.74 billion. During the same period last year, the company earned $2.44 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.416 per share. 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 0.63%. Salesforce’s dividend payout ratio (DPR) is presently 25.98%.

Institutional Investors Weigh In On Salesforce

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Salesforce in the 4th quarter worth approximately $3,599,867,000. Nuveen LLC acquired a new stake in Salesforce in the 1st quarter valued at $2,039,196,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Salesforce by 926.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider’s stock valued at $1,422,979,000 after acquiring an additional 3,841,521 shares during the period. GAMMA Investing LLC increased its holdings in Salesforce by 30,456.9% in the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock valued at $1,020,194,000 after purchasing an additional 3,789,147 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Salesforce during the fourth quarter worth about $1,173,564,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,061,511,978.42. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Srinivas Tallapragada sold 1,269 shares of Salesforce stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $262.35, for a total value of $332,922.15. Following the transaction, the insider directly owned 42,678 shares in the company, valued at $11,196,573.30. The trade was a 2.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,819 shares of company stock worth $9,111,823 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson restated an “underperform” rating and issued a $200.00 price target on shares of Salesforce in a research report on Wednesday, May 28th. JMP Securities restated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a research report on Friday, July 11th. Mizuho dropped their price target on Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. Citigroup dropped their price target on Salesforce from $320.00 to $295.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $370.00 price target on shares of Salesforce in a research report on Tuesday, June 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $348.16.

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.

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.