By otakuyassine3@gmail.com 
Representative Jonathan L. Jackson (D-Illinois) recently sold shares of Salesforce, Inc. (NYSE:CRM). In a filing disclosed on April 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Salesforce stock on March 11th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.
Representative Jonathan L. Jackson also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/4/2025.
- Purchased $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 3/4/2025.
Salesforce Trading Up 8.7 %
CRM stock opened at $265.32 on Thursday. The company has a market cap of $254.97 billion, a P/E ratio of 43.64, a PEG ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The business has a fifty day moving average of $292.76 and a 200-day moving average of $310.70.
Salesforce Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a $0.42 dividend. This is a boost from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, April 10th. Salesforce’s dividend payout ratio (DPR) is 26.10%.
Insider Transactions at Salesforce
In related news, CAO Sundeep G. Reddy sold 436 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the transaction, the chief accounting officer now directly owns 7,057 shares in the company, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Oscar Munoz purchased 3,882 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $257.28 per share, for a total transaction of $998,760.96. Following the completion of the transaction, the director now owns 11,843 shares of the company’s stock, valued at $3,046,967.04. This trade represents a 48.76 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,660 shares of company stock worth $14,095,336. 3.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Salesforce
Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Salesforce during the 4th quarter worth approximately $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Salesforce by 926.4% during the 4th 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 purchasing an additional 3,841,521 shares during the last quarter. GAMMA Investing LLC boosted its position in Salesforce by 30,456.9% during the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider’s stock worth $1,020,194,000 after purchasing an additional 3,789,147 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Salesforce in the fourth quarter valued at $1,173,564,000. Finally, Invesco Ltd. raised its position in shares of Salesforce by 42.5% in the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider’s stock valued at $2,604,770,000 after purchasing an additional 2,325,156 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Stephens began coverage on Salesforce in a research note on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 target price on the stock. Wells Fargo & Company reduced their target price on Salesforce from $345.00 to $310.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group lowered their price target on Salesforce from $415.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $361.42.
View Our Latest Stock Analysis on Salesforce
About Representative Jackson
Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. He declared candidacy for the 2026 election.
Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.
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.
Further Reading
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