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Salesforce’s Benioff sells $606k in shares

Published 30/07/2025, 22:14
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Salesforce (NYSE:CRM), the $252.64 billion market cap software giant trading at $264.81, saw Chair and CEO Marc Benioff sell 2,250 shares of the company’s common stock on July 29, 2025, for approximately $606,014. The sales occurred at prices ranging from $267.8877 to $273.51. According to InvestingPro analysis, the stock currently appears overvalued based on its Fair Value estimates.

According to a Form 4 filing with the Securities and Exchange Commission, Benioff also exercised options to acquire 2,250 shares of Salesforce common stock at a price of $161.50, for a total value of $363375.

Following these transactions, Benioff directly owns 11,911,571 shares of Salesforce. He also indirectly owns 10,107,000 shares through a trust and the Marc Benioff Fund LLC.

In other recent news, OpenAI has achieved significant financial milestones, reaching approximately $10 billion in annual recurring revenue in the first half of 2025, according to a research note from JPMorgan. This marks an 82% increase and positions OpenAI as the third most valuable private company globally, valued at $300 billion. The company has attracted over $315 billion in AI/ML startup investments since 2023, capturing 18% of that total. Meanwhile, Salesforce has been the subject of various analyst evaluations. Citizens analyst Patrick Walravens reiterated a Market Outperform rating on Salesforce stock, maintaining a price target of $430. JMP Securities also upheld its Market Outperform rating and $430 price target following Salesforce’s merger with Informatica. However, BMO Capital lowered its price target for Salesforce to $335, citing a lack of near-term catalysts, especially concerning its AI initiatives. Cantor Fitzgerald continues to support Salesforce with an Overweight rating and a $325 price target, based on insights from a significant client. These developments provide investors with a range of perspectives on Salesforce’s potential.

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

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