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SAN FRANCISCO—Amy Weaver, President and Chief Financial Officer of Salesforce, Inc. (NYSE:CRM), a prominent player in the software industry with a market capitalization of $275 billion, recently executed a series of stock transactions, according to a recent SEC filing. InvestingPro analysis indicates the company is currently trading below its Fair Value, with an impressive gross profit margin of 77%. On March 3, Weaver sold 6,221 shares of Salesforce common stock at a price of $301 per share, totaling approximately $1.87 million.
In addition to the sale, Weaver exercised options to acquire a total of 6,221 shares of Salesforce stock. These transactions were executed at prices ranging from $215.17 to $218.21 per share, amounting to a total of $1.35 million. The transactions were conducted under a Rule 10b5-1 trading plan, which had been adopted in September 2024.
Following these transactions, Weaver holds 46,750 shares of Salesforce common stock. The company maintains strong financial health with a GREAT overall score according to InvestingPro metrics, which offers 12 additional exclusive ProTips for this stock.
In other recent news, Salesforce has made notable developments, starting with the issuance of equity awards to new employees from its acquisitions of Own Company and Zoomin. A total of 95,777 restricted stock units were granted to 218 employees, which will vest over four years as part of Salesforce’s strategy to integrate new talent. Additionally, TD Cowen maintained a Buy rating on Salesforce with a $375 price target, highlighting the company’s strong fourth-quarter performance and the enduring demand for its Data Cloud offerings. Meanwhile, BMO Capital Markets adjusted its price target to $367, maintaining an Outperform rating, citing solid earnings but noting some minor setbacks in subscription revenue growth.
Truist Securities also maintained a Buy rating with a $400 price target, emphasizing Salesforce’s robust fourth-quarter results and significant growth in its Data Cloud and AI annual recurring revenue. They noted the company’s conservative revenue outlook due to foreign exchange impacts but remained optimistic about its growth trajectory. Piper Sandler reduced its price target to $400 while keeping an Overweight rating, recognizing a growth reset and potential benefits from AI monetization opportunities. Despite the lowered revenue estimates, Piper Sandler sees Salesforce as positioned to sustain double-digit free cash flow growth, driven by improving margins. These developments reflect a cautious but optimistic outlook from analysts regarding Salesforce’s future performance.
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