Salesforce President and CFO Amy Weaver Sells Over $249,000 in Company Shares Via Investing.com

In a recent transaction, Amy Weaver, president and chief financial officer of Salesforce, Inc. (NYSE:CRM), sold more than $249,000 worth of company stock. The sale took place on September 23, 2024, with a total of 942 shares sold at an average price of $264.78 per share. This transaction was part of a prearranged plan to satisfy withholding tax obligations related to the grant of restricted stock units.

Weaver’s sale represents a portion of the stock that vested on September 22, 2024 as part of his compensation package. The award schedule for these shares has been set to occur quarterly, with a portion of the initial grant to be awarded each period after an initial 25% vesting stage. The shares sold were to cover tax liabilities associated with the grant of these restricted stock units, according to footnotes in the SEC filing.

In addition to the sale, Weaver also acquired shares by exercising options on the same day. The shares purchased resulted from the transfer of restricted stock units, which convert to common stock on a one-for-one basis. These transactions did not involve any cash exchange as they were part of the vesting process of his stock-based compensation.

Following these transactions, Weaver’s ownership of Salesforce stock has adjusted, but she still retains a significant stake in the company. Salesforce investors often monitor insider deals like these to gain insight into executive confidence and company performance.

Sales and purchases of stock by company executives are routine and are disclosed to the public through SEC filings to ensure transparency. Salesforce, based in San Francisco, California, is a leading provider of cloud-based customer relationship management software and was a pioneer in the software-as-a-service industry.

In other recent news, Salesforce.com (NYSE: ) reported robust earnings in the second quarter, with earnings per share coming in at $2.56, beating the consensus estimate of $2.36. The company also posted an 8% increase in sales, mainly driven by a 9% increase in subscription and support revenue. In addition, Salesforce entered into a definitive agreement to acquire Own Company, a provider of data management and protection solutions, for $1.9 billion in cash.

The company’s Dreamforce conference introduced Agentforce, a significant enhancement to Salesforce’s AI offerings. This development has generated early interest and a growing number of Data Cloud offerings. Analyst firms such as BofA Securities, TD Cowen, Needham and Baird maintained their ratings on Salesforce, while Truist Securities revised its price target on Salesforce to $300, maintaining a Buy rating.

However, Erste Group downgraded the stock from Buy to Hold due to forecast slower growth. Other recent developments include the launch of Agentforce, a suite of autonomous AI-based bots and a partnership with IBM (NYSE: ) to integrate advanced artificial intelligence capabilities into its platform. Salesforce also reported significant growth in adoption of its Data Cloud platform, with a 130% year-over-year increase in its paid customer base.

InvestingPro Insights

As Salesforce Inc. (NYSE:CRM) continues to navigate the dynamic landscape of the software industry, with recent insider trading catching the eye of investors. Amy Weaver’s Sale of Salesforce Shares provides an opportunity to explore the company’s financial health and market performance, guided by insights from InvestingPro.

With a robust gross profit margin of 76.35% for the trailing twelve months through Q2 2025, Salesforce demonstrates its ability to maintain profitability amid competitive pressures. This impressive margin is a testament to the company’s efficient operations and strong pricing power, cementing its position as a prominent player in the software industry, as one of InvestingPro’s tipsters noted.

Another InvestingPro tip points out that Salesforce traded at a high EBITDA valuation multiple, which aligns with the company’s EBITDA growth of 11.12% over the same period. This growth indicates Salesforce’s potential for future profitability and its ability to generate increased earnings before interest, taxes, depreciation and amortization.

Looking at the company’s market valuation, Salesforce’s market capitalization stands at a substantial $252.99 billion, reflecting investor confidence and the company’s considerable footprint in its sector. The P/E ratio, a measure of the company’s current stock price relative to its earnings per share, is 45.46, providing insight into how the market values ​​each dollar of Salesforce’s earnings.

For investors who want a more in-depth analysis, there are additional InvestingPro Tips available that analyze Salesforce’s share repurchase activities, analyst earnings revisions and the company’s trading patterns. In total, there are 14 InvestingPro Tips that can provide more insight into Salesforce’s market position and future prospects, accessible through InvestingPro’s dedicated platform.

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