Trump announces trade deal with EU following months of negotiations
SAN FRANCISCO—Salesforce, Inc. (NYSE:CRM) Chief Product & Impact Officer R. David Schmaier recently sold 6,959 shares of the company’s common stock, according to a recent SEC filing. The shares were sold on April 16 at an average price of $253.31 per share, totaling approximately $1.76 million.
The transaction was conducted to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units. Following this sale, Schmaier retains ownership of 36,090 shares of Salesforce stock. According to InvestingPro data, analysts maintain a bullish outlook on the stock, with price targets ranging from $243 to $442 per share. The company currently appears undervalued based on InvestingPro’s Fair Value analysis.
Salesforce, a leader in cloud-based software solutions, continues to be a significant player in the tech industry with its headquarters located in the Salesforce Tower, San Francisco. Discover 8 more exclusive ProTips and comprehensive valuation metrics with a subscription to InvestingPro.
In other recent news, Salesforce has reported significant developments impacting its financial and strategic outlook. The company announced a notable increase in its annual recurring revenue (ARR) for Salesforce Industries, reaching $5.7 billion for the fiscal year 2025, which represents a 20% year-over-year growth. This growth rate is more than double the company’s overall revenue growth of 9% for the same period. Additionally, Salesforce raised its quarterly cash dividend by 4% to $0.42 per share, reflecting confidence in its financial stability. Truist Securities maintained its Buy rating on Salesforce, setting a price target of $400.00, citing growth drivers such as Data Cloud and AI/Agentforce as potential catalysts for future growth.
Furthermore, Salesforce has issued equity awards to new hires from its recent acquisitions of Own Company and Zoomin, granting a total of 95,777 restricted stock units to 218 employees. The equity awards aim to integrate and retain talent from these acquisitions. A recent Salesforce report highlighted the increasing importance of AI agents in the retail sector, with 76% of retailers planning to boost their AI investments over the next year. These developments underscore Salesforce’s strategic initiatives and its role in advancing AI-driven solutions across industries.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.