SAN FRANCISCO—Brian Millham, President and Chief Operating Officer of Salesforce, Inc. (NYSE:CRM), recently sold a portion of his holdings in the company. According to a recent SEC filing, Millham disposed of 979 shares of common stock on October 23, 2024, at an average price of $285.29 per share, totaling approximately $279,297.
The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. Following this transaction, Millham retains ownership of 969 shares of Salesforce common stock.
The filing also disclosed that Millham acquired 1,948 shares of common stock through the exercise of restricted stock units on October 22, 2024. These transactions reflect routine adjustments to his equity holdings as part of his compensation package.
In other recent news, Salesforce.com Inc (NYSE:CRM) has reported strong second-quarter earnings, with earnings per share of $2.56, an 8% increase in sales, and a 9% rise in subscription and support revenues. The company has also recently acquired Zoomin and Own Company for $1.9 billion in cash. Analyst firms Piper Sandler and Wolfe Research have maintained an Overweight and Outperform rating respectively, emphasizing Salesforce's potential for margin expansion and free cash flow growth. However, Erste Group and TD Cowen have downgraded the stock to Hold due to projected slower growth. Salesforce has also launched Agentforce, an AI-driven suite of autonomous bots, and reported a 130% year-over-year growth in its paid customer base. The company has formed a partnership with IBM (NYSE:IBM) to integrate advanced AI capabilities into its platform. These are recent developments that highlight Salesforce's ongoing efforts to remain at the forefront of the customer relationship management industry. Investment firm Starboard Value LP has also presented its strategies for enhancing shareholder value at the 2024 Active-Passive Investor Summit, showcasing potential value creation opportunities at Salesforce.
InvestingPro Insights
To provide additional context to Brian Millham's recent stock transactions, it's worth examining some key financial metrics and insights from InvestingPro for Salesforce (NYSE:CRM).
According to InvestingPro data, Salesforce boasts a market capitalization of $271.63 billion, underscoring its position as a major player in the software industry. The company's impressive gross profit margin of 76.35% for the last twelve months as of Q2 2025 aligns with an InvestingPro Tip highlighting Salesforce's "impressive gross profit margins." This robust profitability metric suggests strong pricing power and efficient cost management, which are crucial for sustaining long-term growth and shareholder value.
Another relevant InvestingPro Tip indicates that Salesforce is "trading at a low P/E ratio relative to near-term earnings growth." This is particularly interesting when considering the stock's recent performance, with a one-year price total return of 41.43% as of the latest data. The combination of strong returns and a favorable valuation relative to growth prospects could signal potential upside for investors.
For those interested in a more comprehensive analysis, InvestingPro offers 10 additional tips for Salesforce, providing a deeper understanding of the company's financial health and market position.
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