DoD tests AI models that make it easy to switch from vendors like Palantir
David Schmaier, President and Chief Product Officer at Salesforce, Inc. (NYSE:CRM), a $277.76 billion market cap company with a "GREAT" financial health score according to InvestingPro, recently executed a series of stock transactions involving the company’s common stock. According to a recent SEC filing, Schmaier sold 2,957 shares on March 24, 2025, at an average price of $284.5797 per share. This transaction resulted in a total sale value of approximately $841,502. The stock currently trades at $288.61, with a P/E ratio of 44.74, reflecting its position as a prominent player in the software industry.
Earlier, on March 22, 2025, Schmaier acquired a total of 6,333 shares through the exercise of restricted stock units. These acquisitions were made at no cost, increasing his direct ownership to 33,932 shares before the subsequent sales. The sales were conducted to cover tax obligations related to the vesting of restricted stock units, as noted in the filing. For deeper insights into Salesforce’s valuation and 12 additional exclusive ProTips, visit InvestingPro.
In other recent news, Salesforce has been the subject of various notable developments. Truist Securities reiterated its Buy rating on Salesforce, maintaining a $400 price target, citing growth drivers such as Data Cloud and AI/Agentforce as potential catalysts for future growth. Meanwhile, TD Cowen also upheld a Buy rating with a $375 price target, noting a strong performance in Salesforce’s fourth-quarter results, which slightly exceeded guidance. However, BMO Capital Markets adjusted its price target for Salesforce to $367 from $375 while keeping an Outperform rating, acknowledging a solid yet unspectacular earnings report.
Salesforce recently granted equity awards to new employees from the acquisitions of Own Company and Zoomin, aligning with its strategy to integrate new talent and incentivize long-term commitment. The awards, totaling 95,777 restricted stock units, will vest over four years. Additionally, Salesforce’s focus on AI solutions and unified commerce is highlighted in a Salesforce report, emphasizing the importance of AI agents in enhancing productivity and growth in the retail sector. The report indicates a significant investment in AI by retailers, with 76% planning to increase their investment over the next year. These developments showcase Salesforce’s strategic initiatives and the confidence of analysts in its market position and future prospects.
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