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Robin Washington, a director at Salesforce, Inc. (NYSE:CRM), recently acquired a significant amount of the company’s common stock. According to a recent SEC filing, Washington purchased 1,695 shares on February 28, 2025, at a price of $294.605 per share. This acquisition represents a total transaction value of approximately $499,355. The purchase comes as InvestingPro analysis indicates Salesforce is currently trading below its Fair Value, with the company maintaining impressive gross profit margins of 77%.
Following this transaction, Washington’s total ownership in Salesforce stands at 43,445 shares. The purchase reflects Washington’s continued investment in the company, which is known for its cloud-based software solutions. Salesforce, headquartered in San Francisco, is a leading provider in the prepackaged software services industry, with a market capitalization of $280 billion and a PEG ratio of 0.89, suggesting reasonable valuation relative to growth. InvestingPro subscribers have access to 12 additional key insights about Salesforce, along with comprehensive financial analysis in the Pro Research Report.
In other recent news, Salesforce has issued equity awards to new employees from its acquisitions of Own Company and Zoomin. The company allocated a total of 95,777 restricted stock units to 218 employees, which will vest over four years. Additionally, TD Cowen maintained a Buy rating on Salesforce with a $375 price target, highlighting an 11% growth in current remaining performance obligations, slightly exceeding expectations. BMO Capital Markets also kept an Outperform rating but adjusted its price target to $367, citing solid earnings but slightly underwhelming revenue guidance for fiscal year 2026.
Truist Securities upheld a Buy rating with a $400 target, noting Salesforce’s strong fourth-quarter performance and a significant increase in Data Cloud and AI annual recurring revenue. Piper Sandler reduced its price target to $400, maintaining an Overweight rating, and described the revised growth forecast as a "clearing event" that could set a more achievable baseline. Despite a conservative revenue outlook, analysts from various firms continue to express confidence in Salesforce’s growth potential, particularly in its Data Cloud and AI offerings.
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