Rep. Greg Landsman Unloads Shares of Salesforce, Inc. (NYSE:CRM)

Representative Greg Landsman (D-Ohio) 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 27th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 3/27/2025.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Procter & Gamble NYSE: PG on 3/27/2025.

Salesforce Trading Down 0.1 %

NYSE CRM traded down $0.14 during trading hours on Friday, reaching $254.98. The company's stock had a trading volume of 6,087,156 shares, compared to its average volume of 6,824,013. The firm has a fifty day simple moving average of $289.29 and a 200-day simple moving average of $310.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The stock has a market cap of $245.04 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.58 and a beta of 1.38.

Remove Ads

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.42 per share. 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 0.66%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce's payout ratio is 26.10%.

Insider Activity at Salesforce

In other Salesforce news, Director Oscar Munoz bought 3,882 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $257.28 per share, with a total value of $998,760.96. Following the transaction, the director now owns 11,843 shares in the company, valued at $3,046,967.04. This represents a 48.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 436 shares of Salesforce stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares of the company's stock, valued at $2,344,899.96. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,660 shares of company stock valued at $14,095,336. 3.20% of the stock is owned by insiders.

Institutional Trading of Salesforce

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Perkins Coie Trust Co grew its holdings in Salesforce by 260.7% in the first quarter. Perkins Coie Trust Co now owns 487 shares of the CRM provider's stock worth $131,000 after purchasing an additional 352 shares during the period. Persium Advisors LLC grew its stake in shares of Salesforce by 7.4% in the 1st quarter. Persium Advisors LLC now owns 1,953 shares of the CRM provider's stock worth $524,000 after buying an additional 134 shares during the last quarter. Princeton Global Asset Management LLC increased its position in Salesforce by 4.0% during the 1st quarter. Princeton Global Asset Management LLC now owns 6,604 shares of the CRM provider's stock valued at $1,772,000 after buying an additional 255 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its stake in Salesforce by 9.0% during the first quarter. AAFMAA Wealth Management & Trust LLC now owns 7,260 shares of the CRM provider's stock valued at $1,948,000 after buying an additional 597 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in Salesforce by 8.1% in the first quarter. Gateway Investment Advisers LLC now owns 194,489 shares of the CRM provider's stock worth $52,193,000 after acquiring an additional 14,649 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CRM shares. Redburn Atlantic started coverage on Salesforce in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Stephens began coverage on shares of Salesforce in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $311.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and set a $425.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. Guggenheim reissued a "sell" rating and issued a $247.00 price objective on shares of Salesforce in a research note on Thursday, February 27th. Finally, DA Davidson reduced their price target on shares of Salesforce from $300.00 to $275.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. One investment 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.42.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

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.