Microvast Holdings announces departure of chief financial officer
Salesforce (NASDAQ:NYSE:CRM), the software giant with a market capitalization of $256 billion and an impressive gross profit margin of 77%, saw its Chair and CEO Marc Benioff sell a total of $605,495 worth of company stock on July 28, 2025. According to InvestingPro analysis, the company maintains a GREAT financial health score, with analysts maintaining a bullish consensus on the stock. The sales, executed under a prearranged 10b5-1 trading plan, involved multiple transactions with prices ranging from $267.3565 to $270.1588.
According to a Form 4 filing with the Securities and Exchange Commission, Benioff sold 157 shares at a weighted average price of $267.3565, 745 shares at a weighted average price of $268.6415, 1,211 shares at a weighted average price of $269.5051 and 137 shares at a weighted average price of $270.1588.
On the same day, Benioff also exercised options to acquire 2,250 shares of Salesforce common stock at a price of $161.50, resulting in a total value of $363,375.
Following these transactions, Benioff directly owns 11,911,571 shares of Salesforce. He also indirectly owns 10,107,000 shares through the Marc Benioff Fund LLC and a trust.
In other recent news, OpenAI has reached approximately $10 billion in annual recurring revenue in the first half of 2025, marking an 82% increase, according to a research note by JPMorgan. This development positions OpenAI as the third most valuable private company globally, valued at $300 billion. Salesforce has also been in the spotlight, with several analyst firms reiterating their ratings on the company. Citizens analyst Patrick Walravens reaffirmed a Market Outperform rating on Salesforce with a price target of $430. Similarly, JMP Securities maintained its Market Outperform rating after reviewing Salesforce’s merger with Informatica. In contrast, BMO Capital lowered its price target on Salesforce to $335, citing a lack of near-term catalysts, particularly in its AI initiatives. Cantor Fitzgerald, on the other hand, reiterated its Overweight rating with a $325 price target, based on insights from discussions with a major client. These developments reflect ongoing interest and varied perspectives on Salesforce’s growth and strategy.
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