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Miguel Milano, President and Chief Revenue Officer of Salesforce, Inc. (NYSE:CRM), recently executed a notable stock transaction. On March 24, Milano sold 1,559 shares of Salesforce stock at an average price of $284.58 per share, totaling approximately $443,659. The transaction comes as Salesforce, currently valued at $278 billion, maintains a "GREAT" financial health score according to InvestingPro analysis. This sale was part of a transaction to satisfy tax withholding obligations related to a restricted stock unit award that vested based on Milano’s continued employment through March 22, 2025.
Earlier, on March 22, Milano acquired 4,061 shares of common stock through the conversion of restricted stock units. These units convert to shares of common stock on a one-for-one basis. Following these transactions, Milano’s direct ownership of Salesforce shares stands at 8,366.
In other recent news, Salesforce has been active with several significant developments. The company recently issued equity awards to 218 new employees from its acquisitions of Own Company and Zoomin, as part of its strategy to integrate new talent. These awards, totaling 95,777 restricted stock units, are set to vest over four years, incentivizing long-term commitment. Analysts have weighed in on Salesforce’s performance, with Truist Securities maintaining a Buy rating and a $400 price target, citing growth potential through fiscal year 2027 driven by its diverse portfolio, including Data Cloud and AI/Agentforce.
TD Cowen also reiterated a Buy rating with a $375 target, noting Salesforce’s strong fourth-quarter results and ongoing demand for its offerings, despite slightly conservative guidance due to a CFO transition. Meanwhile, BMO Capital Markets adjusted its price target to $367 from $375 while maintaining an Outperform rating, acknowledging slight reductions in estimates but expressing confidence in Salesforce’s growth potential. These recent developments highlight Salesforce’s strategic moves and analysts’ optimism about its future performance.
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