Salesforce COO Brian Millham sells shares worth over $400k By Investing.com

Salesforce, Inc. (NYSE:) President and Chief Operating Officer Brian Millham has sold a portion of his company stock, according to a recent filing with the Securities and Exchange Commission. The transactions occurred on June 24, 2024, involving the sale of Salesforce common stock at an average price of $242.3233 per share.

The SEC filing revealed that Millham sold a total of 1,678 shares of Salesforce, with the sales generating approximately $406,618 in total. These sales were made to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), as noted in the footnotes of the filing.

In addition to the sales, the filing indicated that Millham also acquired shares through the vesting of RSUs. On June 22, 2024, he acquired 1,634 shares and another 1,706 shares, both at a price of $0.0 per share, reflecting the nature of RSU settlements. Following these transactions, Millham’s direct ownership in Salesforce common stock adjusted to reflect the new totals post-sale and post-acquisition.

The executive’s transactions come as part of the normal course of employee compensation and stock ownership plans. Salesforce, headquartered in San Francisco, California, is a leading provider of cloud-based customer relationship management software and has a significant presence in the prepackaged software industry.

Investors and market watchers often look to insider transactions such as these for indications of executive confidence in the company. However, it’s important to note that insider sales can be motivated by a variety of factors, including personal financial planning and diversification strategies.

Salesforce’s stock, traded under the ticker CRM, is a component of the technology sector and is widely followed in the stock market. The company continues to be a major player in the software industry, with a broad portfolio of cloud-based solutions for businesses of all sizes.

For further details on the transactions, investors can refer to the full SEC Form 4 filing.

In other recent news, Salesforce has reported an 11% year-over-year growth in its fiscal 2025 first-quarter earnings, with a revenue increase to $9.13 billion. Despite economic challenges, the company has maintained its full-year revenue guidance at $37.7 billion to $38 billion. Goldman Sachs reiterated a Buy rating on Salesforce stock, based on the company’s focus on generational artificial intelligence (Gen-AI) innovations. Salesforce has introduced a new large language model (LLM) benchmarking tool tailored for customer relationship management (CRM) business cases, expected to assist customers in making informed decisions among various models.

Oppenheimer also maintained an Outperform rating on Salesforce, emphasizing the company’s AI platform capabilities and the potential for monetization of its Data Cloud and generative AI solutions. Salesforce’s subscription and support segment saw a 12% rise, contributing significantly to the overall performance. For FY25, Salesforce projects non-GAAP operating margin of 32.5% and GAAP operating margin of approximately 20%, along with anticipated operating cash flow growth between 21% and 24%. These recent developments reflect Salesforce’s commitment to innovation and customer service.

InvestingPro Insights

As Salesforce Inc. (NYSE:CRM) makes headlines with executive stock transactions, investors are keen on understanding the company’s financial health and market position. With a market capitalization of $233.39 billion and a notable presence in the software industry, Salesforce’s financial metrics are a key area of focus.

InvestingPro data shows Salesforce with a robust gross profit margin of 76.0% for the last twelve months as of Q1 2025, which underscores the company’s impressive ability to manage its cost of goods sold and sustain profitability. This aligns with one of the InvestingPro Tips highlighting the company’s impressive gross profit margins. Additionally, Salesforce’s revenue for the same period stands at $35.74 billion, demonstrating a solid year-over-year growth of 11.04%, indicating the company’s effective growth strategies and market demand for its cloud-based solutions.

The company’s P/E ratio is currently at 42.86, reflecting a high earnings multiple that suggests investors have high expectations of future growth. This is further supported by the fact that analysts predict the company will be profitable this year, a sentiment that is also captured in the InvestingPro Tips. For investors looking for more in-depth analysis, there are 28 additional InvestingPro Tips available, which can provide a more comprehensive view of Salesforce’s financial standing and market potential.

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