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

Published 12/24/2024, 10:14 AM
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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.

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