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SAN FRANCISCO—Niles Sabastian, President and Chief Legal Officer of Salesforce, Inc. (NYSE:CRM), recently executed a series of stock transactions, as reported in a recent SEC filing. On March 24 and 25, Sabastian sold a total of 3,549 shares of Salesforce common stock, amounting to approximately $1.01 million. The transaction occurred as the company, currently valued at $277.76 billion, maintains a strong financial health score according to InvestingPro analysis.
The first sale took place on March 24, with 2,012 shares sold at an average price of $284.58 per share, totaling $572,574. The second sale occurred on March 25, involving 1,537 shares at an average price of $286.37 per share, resulting in $440,150.
These transactions were part of a planned trading strategy under a Rule 10b5-1 trading plan. Following these sales, Sabastian holds 1,766 shares of Salesforce stock directly.
In other recent news, Salesforce has been actively engaging in strategic developments that have caught the attention of investors. The company recently granted equity awards to 218 new employees from its acquisitions of Own Company and Zoomin, under its 2014 Inducement Equity Incentive Plan. This move is part of Salesforce’s strategy to integrate new talent and encourage long-term commitment. Meanwhile, analysts at Truist Securities have reiterated a Buy rating on Salesforce stock, maintaining a $400 price target, citing growth drivers such as Data Cloud and AI/Agentforce that could potentially enhance the company’s growth trajectory through fiscal year 2026.
TD Cowen analysts also maintained a Buy rating with a $375 price target, noting Salesforce’s fourth-quarter results and the strength of its Data Cloud service as indicators of enduring demand. Despite a slight reduction in estimates, BMO Capital Markets kept its Outperform rating, adjusting the price target to $367, acknowledging Salesforce’s solid earnings report and the potential of its Data Cloud and Agentforce offerings. These recent developments reflect Salesforce’s strategic focus on growth and innovation, as well as analysts’ confidence in the company’s market position and future prospects.
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