Representative David Taylor (R-Ohio) recently bought shares of Salesforce Inc. (NYSE:CRM). In a filing disclosed on September 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Salesforce stock on September 3rd. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.
Representative David Taylor also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 9/3/2025.
- Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 8/14/2025.
- Purchased $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 8/14/2025.
- Purchased $15,001 – $50,000 in shares of Eli Lilly and Company (NYSE:LLY) on 8/14/2025.
- Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 8/14/2025.
- Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 8/13/2025.
- Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 8/13/2025.
- Sold $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 8/13/2025.
- Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 8/7/2025.
- Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 8/7/2025.
Salesforce Trading Up 1.1%
NYSE:CRM opened at $242.00 on Thursday. The company has a market capitalization of $230.38 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52-week low of $226.48 and a 52-week high of $369.00. The stock has a fifty day simple moving average of $251.39 and a 200-day simple moving average of $263.58.
Salesforce Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.
Institutional Investors Weigh In On Salesforce
Hedge funds have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new stake in Salesforce in the 4th quarter worth about $25,000. Painted Porch Advisors LLC lifted its stake in Salesforce by 260.0% in the 2nd 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. Evolution Wealth Management Inc. purchased a new stake in Salesforce in the 2nd quarter worth about $27,000. Wood Tarver Financial Group LLC purchased a new stake in Salesforce in the 4th quarter worth about $35,000. Finally, Capital A Wealth Management LLC lifted its stake in Salesforce by 450.0% in the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 90 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Marc Benioff sold 2,250 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $242.39, for a total transaction of $545,377.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares of the company’s stock, valued at $2,887,245,694.69. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, with a total value of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares in the company, valued at approximately $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 75,077 shares of company stock valued at $19,099,953. Company insiders own 3.00% of the company’s stock.
Wall Street Analysts Forecast Growth
CRM has been the topic of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Tuesday, September 2nd. Stifel Nicolaus reduced their price target on Salesforce from $375.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Bank of America reduced their price target on Salesforce from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut their target price on Salesforce from $400.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $332.58.
Check Out Our Latest Research Report on CRM
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.
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