Microvast Holdings announces departure of chief financial officer
Salesforce (NASDAQ:NYSE:CRM) Chair and CEO Marc Benioff sold 2,250 shares of company stock on July 29, 2025, for approximately $606,014. The sales occurred at prices ranging from $267.8877 to $273.51.
According to a Form 4 filing with the Securities and Exchange Commission, Benioff also exercised options to acquire 2,250 shares of Salesforce common stock at a price of $161.50, for a total value of $363375. InvestingPro analysis shows the company maintains impressive gross profit margins of 77.3% and has received a "GREAT" overall financial health score.
The sales were executed automatically pursuant to a Rule 10b5-1 trading plan adopted by Benioff on January 9, 2025. Following the transactions, Benioff directly owns 11,911,571 shares of Salesforce. He also indirectly owns 10,107,000 shares through a trust and the Marc Benioff Fund LLC. For deeper insights into Salesforce’s valuation and growth prospects, including 10+ additional ProTips and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.
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 positions OpenAI as the third most valuable private company globally, with a valuation of $300 billion. The company has attracted significant investments, receiving 18% of the $315 billion invested in AI/ML startups since 2023. Meanwhile, Salesforce has been the focus of several analyst updates. Citizens has reiterated a Market Outperform rating on Salesforce stock with a price target of $430, following a discussion at the Citizens Technology Forum. JMP Securities also maintained its Market Outperform rating and $430 price target on Salesforce after reviewing its merger with Informatica. However, BMO Capital lowered its price target for Salesforce to $335 from $350, citing a lack of near-term catalysts. Cantor Fitzgerald continues to support Salesforce with an Overweight rating and a $325 price target, based on insights from discussions with a significant client.
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