Rep. Jonathan L. Jackson Sells Salesforce, Inc. (NYSE:CRM) Shares

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 Stock Down 0.1 %

Salesforce stock traded down $0.14 during midday trading on Friday, reaching $254.98. The company's stock had a trading volume of 6,087,156 shares, compared to its average volume of 6,812,000. The business has a 50-day simple moving average of $289.29 and a 200-day simple moving average of $310.46. The company 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. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Salesforce's previous quarterly dividend of $0.40. Salesforce's payout ratio is presently 26.10%.

Insider Activity

In related news, CFO Amy E. Weaver sold 6,221 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the sale, the chief financial officer now owns 45,861 shares of the company's stock, valued at approximately $15,128,626.68. The trade was a 11.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Oscar Munoz acquired 3,882 shares of the business's 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 transaction, the director now owns 11,843 shares of the company's stock, valued at approximately $3,046,967.04. This represents a 48.76 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 45,660 shares of company stock worth $14,095,336 in the last 90 days. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research analyst reports. Bank of America lowered their price target on Salesforce from $440.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Robert W. Baird cut their price target on Salesforce from $430.00 to $400.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Oppenheimer cut their target price on Salesforce from $415.00 to $380.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. DA Davidson dropped their target price on shares of Salesforce from $300.00 to $275.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, Canaccord Genuity Group lowered their price objective on shares of Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $361.42.

Hedge Funds Weigh In On Salesforce

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. acquired a new stake in Salesforce during the 4th quarter valued at $25,000. Accredited Wealth Management LLC acquired a new position in Salesforce during the fourth quarter valued at $27,000. Arlington Trust Co LLC lifted its stake in Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc acquired a new stake in Salesforce during the 4th quarter worth about $30,000. Finally, Asset Planning Inc purchased a new position in Salesforce during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 80.43% of the company's stock.

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.

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.