50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Salesforce's co-founder Parker Harris sells $320k in stock

Published 12/23/2024, 09:12 PM
© Reuters.
CRM
-

The sales were conducted to satisfy tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Harris continues to maintain substantial indirect holdings through various family trusts and LLCs.

The sales were conducted to satisfy tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Harris continues to maintain substantial indirect holdings through various family trusts and LLCs.

The sales were conducted to satisfy tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Harris continues to maintain substantial indirect holdings through various family trusts and LLCs.

In other recent news, Salesforce.com (NYSE:CRM) has been the focus of several analyst firms following recent developments. Truist Securities maintained a Buy rating and a $400 price target for Salesforce, highlighting the positive reception of CRM's offerings and potential for new products to boost revenue growth. The firm's confidence is bolstered by Salesforce's current revenue growth rate of 9.53% and its impressive gross profit margins of 76.94%.

Stifel also maintained its Buy rating for Salesforce, with a steadfast price target of $425.00, following the release event for Agentforce 2.0. The company's strong financial health and impressive gross profit margins suggest robust operational efficiency to support these initiatives.

Mizuho (NYSE:MFG) Securities sustained its optimistic outlook on Salesforce, maintaining an Outperform rating and a $425.00 price target on the stock. The firm's stance comes in the wake of Salesforce's announcement of the launch of Agentforce 2.0, an updated version of its flagship artificial intelligence product.

Goldman Sachs reaffirmed its Buy rating on Salesforce stock with a steady price target of $400. The endorsement follows the Agentforce 2.0 event, which showcased Salesforce's continued innovation and technical leadership in the customer relationship management (CRM) space.

Lastly, BMO Capital Markets reiterated its Outperform rating on shares of Salesforce, highlighting the company's growth prospects in the context of broader IT budget forecasts and the potential of its Agentforce platform. These recent developments highlight Salesforce's continued growth and innovation in the software industry.

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.