Salesforce president and CFO Amy Weaver sells $2.13 million in stock

SAN FRANCISCO—Salesforce, Inc. (NYSE:CRM) President and CFO Amy Weaver recently executed a significant sale of company shares, according to a filing with the Securities and Exchange Commission. On December 24, Weaver sold 6,221 shares of Salesforce common stock at a price of $343.00 per share, amounting to a total transaction value of approximately $2.13 million. The sale comes as Salesforce demonstrates strong financial health, with InvestingPro data showing a perfect Piotroski Score of 9 and an impressive 42% gain over the past six months.

In addition to the sale, Weaver also exercised options to acquire 3,593 shares at $215.17 per share and 2,628 shares at $154.14 per share. These transactions were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stock at a later date, helping avoid concerns about insider trading.

Furthermore, Weaver made a charitable contribution of 8,000 shares, representing a bona fide gift to charitable organizations, as noted in the filing.

Following these transactions, Weaver holds a total of 45,861 shares of Salesforce common stock.

In other recent news, Salesforce.com (NYSE:CRM) has been the subject of multiple analyst reviews following significant product developments. Wedbush Securities and Mizuho (NYSE:MFG) Securities maintained a positive outlook on Salesforce, emphasizing the company's strategic positioning in the AI revolution and the potential impact of Agentforce 2.0 on the company's future growth. Truist Securities and Stifel also retained their Buy ratings, highlighting the positive reception of Salesforce's offerings and the potential for new products to catalyze an uptick in revenue growth.

Goldman Sachs reaffirmed its Buy rating on Salesforce, emphasizing the company's AI execution and potential growth in the digital labor market. BMO Capital Markets reiterated its Outperform rating on Salesforce, highlighting the company's growth prospects in the context of broader IT budget forecasts and the potential of its Agentforce platform.

Salesforce's recent developments include the launch of Agentforce 2.0, an updated version of its flagship artificial intelligence product, and the forthcoming updates to the Atlas (NYSE:ATCO) Reasoning Engine. These advancements are expected to enhance Salesforce's core function of supporting its customer base with revenue management and process optimization.

The company has also revised its bylaws to streamline stockholder processes, reflecting its commitment to robust and transparent corporate governance. These are the recent developments for Salesforce, which continues to show impressive financial strength with a gross profit margin of 76.94% and steady revenue growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.