Salesforce president Niles Sabastian sells $223k in stock

Published 27/02/2025, 01:26
© Reuters.

SAN FRANCISCO—Niles Sabastian, President and Chief Legal Officer of Salesforce, Inc. (NYSE:CRM), has recently sold a portion of his shares in the company. According to a filing with the Securities and Exchange Commission, Sabastian disposed of 730 shares of Salesforce common stock on February 25, 2025, at a price of $306.24 per share. This transaction, amounting to a total of $223,555, was conducted under a pre-arranged trading plan adopted on June 12, 2024. The sale comes as Salesforce, a prominent player in the software industry with a market capitalization of $295 billion, maintains strong financial health with impressive gross profit margins of 77% and a perfect Piotroski Score of 9, according to InvestingPro data.

Following this sale, Sabastian retains ownership of 1,254 shares in the company. The transaction was executed automatically as part of a Rule 10b5-1 trading plan, which allows company insiders to trade their stock at predetermined times to avoid any potential conflicts of interest. Based on InvestingPro analysis, Salesforce appears slightly undervalued at current levels, with 12 additional ProTips available to subscribers, including detailed insights on valuation metrics and growth prospects.

In other recent news, Salesforce Inc. announced its fourth-quarter earnings for 2025, reporting an earnings per share (EPS) of $2.78, surpassing the forecasted $2.61. However, the company’s revenue of $10 billion fell short of the anticipated $10.4 billion. Despite the earnings beat, Salesforce’s stock experienced a decline after the announcement. The company also reported a full-year revenue of $37.9 billion, marking a 9% year-over-year growth, and projected a 7-8% revenue growth for fiscal year 2026. Salesforce introduced AgentForce, a new AI-powered platform, as part of its ongoing innovation efforts. The company expects continued growth with a focus on digital labor and AI-driven solutions. Analysts noted that Salesforce’s transition to a consumption-based pricing model could influence future financial performance. Additionally, Salesforce’s non-GAAP operating margin improved to 33%, and the company anticipates further margin expansion in the coming fiscal year.

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.