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SAN FRANCISCO—Harris Parker, Co-Founder and CTO of Slack, a division of Salesforce, Inc. (NYSE:CRM), has recently sold 9,742 shares of Salesforce common stock. The shares were sold at an average price of $253.31, amounting to a total transaction value of approximately $2.47 million. The transaction comes as Salesforce, a prominent player in the software industry with a market capitalization of $238 billion, maintains impressive gross profit margins of 77%. According to InvestingPro analysis, the company’s financial health score is rated as "GOOD."
Following this transaction, Parker retains direct ownership of 134,807 shares. The sale was conducted to satisfy tax withholding obligations related to the settlement of performance-based restricted stock units that vested through April 15, 2025. With analysts setting a consensus target significantly above current trading levels and multiple InvestingPro indicators suggesting growth potential, investors seeking detailed insider trading patterns and comprehensive valuation metrics can access the full Pro Research Report, available for over 1,400 US stocks.
In addition to his direct holdings, Parker also has indirect interests in several entities, including the HJ Family Trust and various LLCs, with significant shareholdings. The stock currently trades near $247, with a P/E ratio of 38.4x and strong revenue growth of 8.7% over the last twelve months.
In other recent news, Salesforce has reported significant developments that may interest investors. The company announced a notable 20% year-over-year increase in annual recurring revenue (ARR) for its Salesforce Industries segment, reaching $5.7 billion for fiscal year 2025. This growth outpaces Salesforce’s overall revenue growth of 9% for the same period. Additionally, Salesforce has increased its quarterly cash dividend by 4% to $0.42 per share, reflecting its commitment to shareholder value. Truist Securities has reiterated its Buy rating for Salesforce, maintaining a price target of $400, emphasizing the company’s potential for growth driven by its diverse portfolio, including Data Cloud and AI/Agentforce. Salesforce has also issued equity awards to 218 new employees from recent acquisitions, underlining its strategy to integrate and retain new talent. Furthermore, a Salesforce report highlights the critical role of AI agents in helping retailers stay competitive, with 76% of retailers planning to increase AI investments. These recent developments underscore Salesforce’s strategic initiatives and financial performance, providing valuable insights for investors.
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