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Brian Millham, Advisor to the CEO at Salesforce, Inc. (NYSE:CRM), recently reported a series of transactions involving the company’s common stock. On March 24, Millham sold a total of 3,937 shares at an average price of approximately $284.58 per share, amounting to a total sale value of $1,120,390. The stock currently trades near $288.61, with InvestingPro analysis suggesting the company is currently undervalued. As a prominent player in the software industry with a market capitalization of $277.76 billion, Salesforce maintains a "GREAT" financial health score.
The sales were conducted to satisfy tax withholding obligations related to the settlement of shares earned from restricted stock unit awards. Following these transactions, Millham now holds 5,518 shares directly. According to InvestingPro, Salesforce boasts impressive gross profit margins, one of 12+ key insights available to subscribers. The company’s comprehensive Pro Research Report offers deeper analysis of its financial position and growth prospects.
Earlier, on March 22, Millham acquired a significant number of shares through the exercise of restricted stock units, although these transactions did not involve any cash exchange. The company has demonstrated strong performance with a revenue of $37.9 billion in the last twelve months and maintains a moderate level of debt.
In other recent news, Salesforce has made headlines with several key developments. The company recently issued equity awards to 218 new employees following its acquisitions of Own Company and Zoomin, granting a total of 95,777 restricted stock units under its 2014 Inducement Equity Incentive Plan. These awards are part of Salesforce’s strategy to integrate new talent and incentivize long-term commitment. On the earnings front, Salesforce’s fourth-quarter results showed an 11% growth in current remaining performance obligations, slightly surpassing company guidance. However, the forecast for fiscal year 2026 subscription growth was marginally below some analysts’ estimates.
Analyst firms have also weighed in on Salesforce’s prospects. Truist Securities maintained a Buy rating with a $400 price target, citing growth drivers like Data Cloud and AI/Agentforce as potential catalysts. Similarly, TD Cowen reiterated a Buy rating and a $375 target, highlighting strong demand for Salesforce’s offerings despite conservative guidance due to a CFO transition. Meanwhile, BMO Capital Markets adjusted its price target to $367 while keeping an Outperform rating, acknowledging solid earnings but slightly underwhelming revenue guidance for fiscal year 2026. These recent developments underscore Salesforce’s ongoing focus on growth and strategic investments.
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