Rep. James Comer Sells Off Shares of Salesforce Inc. (NYSE:CRM)

Representative James Comer (R-Kentucky) recently sold shares of Salesforce Inc. (NYSE:CRM). In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Salesforce stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Churchill Downs (NASDAQ:CHDN) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Marvell Technology (NASDAQ:MRVL) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of VeriSign (NASDAQ:VRSN) on 7/3/2025.
• Sold $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 7/3/2025.

Salesforce Stock Performance

NYSE:CRM opened at $231.40 on Wednesday. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The firm has a 50 day moving average of $262.23 and a 200-day moving average of $277.72. 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 stock has a market capitalization of $221.22 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37.

Salesforce (NYSE:CRM) 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. Salesforce had a net margin of 16.08% and a return on equity of 12.94%. The firm had revenue of $9.83 billion during the quarter, compared to analysts’ expectations of $9.74 billion. During the same quarter in the previous year, the company posted $2.44 EPS. Salesforce’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Cuts Dividend

The company 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 was Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce’s payout ratio is 25.98%.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $236.45, for a total transaction of $532,012.50. Following the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,816,490,962.95. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 44,282 shares of company stock worth $11,554,754. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Salesforce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Salesforce by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 88,823,481 shares of the CRM provider’s stock worth $24,221,275,000 after purchasing an additional 909,853 shares during the period. Geode Capital Management LLC boosted its stake in Salesforce by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 20,873,900 shares of the CRM provider’s stock worth $5,669,224,000 after purchasing an additional 114,504 shares during the period. Northern Trust Corp boosted its stake in Salesforce by 18.3% in the 4th quarter. Northern Trust Corp now owns 11,224,927 shares of the CRM provider’s stock worth $3,752,830,000 after purchasing an additional 1,736,667 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Salesforce by 6.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock worth $2,484,616,000 after purchasing an additional 600,386 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Salesforce by 5.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock worth $2,419,037,000 after purchasing an additional 437,435 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRM. The Goldman Sachs Group boosted their price objective on shares of Salesforce from $340.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, May 29th. JMP Securities restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a research report on Friday, July 11th. Mizuho dropped their price objective on shares of Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. Sanford C. Bernstein boosted their price objective on shares of Salesforce from $243.00 to $255.00 and gave the stock an “underperform” rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group dropped their price objective on shares of Salesforce from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, May 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $348.16.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027.

Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He declared candidacy for the 2026 election.

Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.