Representative David Taylor (Republican-Ohio) recently sold shares of Salesforce Inc. (NYSE:CRM). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Salesforce stock on February 26th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.
Representative David Taylor also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 2/26/2026.
- Sold $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
- Sold $15,001 – $50,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
- Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 2/26/2026.
Salesforce Trading Down 1.6%
Shares of CRM stock opened at $198.81 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a twelve month low of $174.57 and a twelve month high of $296.05. The company’s 50-day moving average price is $215.86 and its 200-day moving average price is $236.46. The stock has a market cap of $183.50 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.47 and a beta of 1.29.
Salesforce Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, April 9th. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. This is a boost from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s payout ratio is presently 21.25%.
Analysts Set New Price Targets
CRM has been the topic of a number of research analyst reports. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Salesforce in a research note on Thursday, February 26th. Stifel Nicolaus reduced their target price on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group restated a “buy” rating and issued a $281.00 price target on shares of Salesforce in a research note on Thursday, February 26th. Finally, Truist Financial set a $280.00 price target on Salesforce in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average target price of $283.14.
Read Our Latest Analysis on CRM
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CRM. Commonwealth Retirement Investments LLC acquired a new position in shares of Salesforce in the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund purchased a new position in Salesforce in the 4th quarter valued at $26,000. Key Capital Management INC purchased a new position in Salesforce in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in Salesforce in the 4th quarter valued at $26,000. Finally, Evolution Wealth Management Inc. purchased a new position in Salesforce during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Insider Transactions at Salesforce
In other Salesforce news, Director David Blair Kirk acquired 1,936 shares of the stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $258.64 per share, with a total value of $500,727.04. Following the acquisition, the director owned 10,677 shares of the company’s stock, valued at $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the transaction, the director owned 7,299 shares in the company, valued at $1,742,271.30. The trade was a 34.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.
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, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.
Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.
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