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Oscar Munoz, a director at Salesforce, Inc. (NYSE:CRM), recently purchased a significant amount of the company’s stock. According to a filing with the Securities and Exchange Commission, Munoz acquired 3,882 shares of Salesforce common stock on April 3, 2025. The purchase comes as InvestingPro data shows the stock’s RSI indicating oversold conditions, suggesting potentially attractive entry points for investors. The shares were bought at a weighted average price of $257.2831, amounting to a total purchase value of approximately $998,772.
The transaction was executed over multiple trades, with prices ranging from $257.1300 to $257.3700 per share. Following this acquisition, Munoz’s total direct ownership of Salesforce shares stands at 11,843. For deeper insights into Salesforce’s valuation and performance metrics, including 10+ additional ProTips and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Salesforce has announced a 4% increase in its quarterly dividend, raising the payout to $0.42 per share. This decision, set to benefit shareholders in April 2025, underscores the company’s financial stability and commitment to shareholder value. Additionally, Salesforce has issued equity awards to 218 new employees from its recent acquisitions of Own Company and Zoomin, integrating them into its workforce with restricted stock units set to vest over four years. Meanwhile, Truist Securities maintains a Buy rating on Salesforce with a $400 price target, citing the company’s diverse portfolio and strategic growth drivers as key factors for future performance. Similarly, TD Cowen has reiterated its Buy rating with a $375 price target, highlighting Salesforce’s solid fourth-quarter results and strong demand for its Data Cloud service. A recent Salesforce report also emphasizes the importance of AI agents for retailers, with 76% of retailers planning to increase their AI investments to stay competitive. The report suggests AI agents can enhance customer service and operational efficiency, aligning with Salesforce’s focus on unified commerce. These developments reflect Salesforce’s ongoing strategic initiatives and market positioning.
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