Salesforce president and COO Brian Millham sells $570,066 in stock

Published 26/12/2024, 23:08
© Reuters

Brian Millham, the President and Chief Operating Officer of Salesforce, Inc. (NYSE:CRM), a prominent player in the software industry with a market capitalization of $328 billion and a perfect Piotroski Score of 9 according to InvestingPro, has sold 1,662 shares of common stock, according to a recent filing with the Securities and Exchange Commission. The shares were sold at a price of $343.00 each, totaling approximately $570,066. This transaction was conducted automatically under a Rule 10b5-1 trading plan that Millham adopted on December 22, 2023. Following the sale, Millham does not hold any shares directly. The stock has shown impressive momentum with a 42% return over the past six months. InvestingPro subscribers have access to 16 additional key insights and a comprehensive Pro Research Report, offering deep-dive analysis of Salesforce's financial health, which is currently rated as "GREAT" by their proprietary scoring system.

In other recent news, Salesforce has been the focus of several analyst reviews following the launch of its AI product, Agentforce 2.0. Analysts from Mizuho (NYSE:MFG) Securities and Goldman Sachs maintained their Outperform and Buy ratings respectively, emphasizing Salesforce's strategic positioning and the potential impact of Agentforce 2.0 on the company's future growth. Similarly, Wedbush Securities reiterated an Outperform rating, highlighting Salesforce's potential to secure market growth driven by AI monetization.

On the other hand, Truist Securities maintained a Buy rating following the CRM's Agentforce World Tour event. The firm highlighted the potential for new products to catalyze an uptick in revenue growth. Stifel also maintained its Buy rating, noting the staggered release schedule of Agentforce 2.0, which is expected to enhance Salesforce's core function of supporting its customer base with revenue management and process optimization.

However, Macquarie initiated coverage on Salesforce with a Neutral rating, acknowledging potential risks. The firm raised concerns about macroeconomic demand weakness and increasing competition in the industry. These are recent developments for Salesforce, a company that continues to show impressive financial strength and strategic focus on AI.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.