SAN FRANCISCO—Brian Millham, President and Chief Operating Officer of Salesforce, Inc. (NYSE:CRM), executed a series of stock transactions on October 22, 2024. According to a recent SEC filing, Millham sold 6,161 shares of Salesforce common stock at a price of $289.75 per share, totaling approximately $1.79 million.
In addition to the sale, Millham exercised stock options to acquire a total of 6,161 shares of common stock at prices ranging from $186.51 to $218.21 per share. This resulted in a total acquisition value of approximately $1.27 million. These transactions were conducted under a pre-arranged trading plan pursuant to Rule 10b5-1, which Millham adopted on December 22, 2023.
Following these transactions, Millham no longer holds any shares directly from this series of transactions.
In other recent news, Salesforce 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. Additionally, the company 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. Investment firm Starboard Value LP presented strategies at the Active-Passive Investor Summit for enhancing shareholder value in companies including Salesforce. These are recent developments that highlight Salesforce's ongoing efforts.
InvestingPro Insights
As Brian Millham, President and COO of Salesforce, Inc. (NYSE:CRM), executed significant stock transactions, it's worth examining the company's current financial position and market performance.
According to InvestingPro data, Salesforce boasts a substantial market capitalization of $275.87 billion, underlining its position as a major player in the software industry. The company's revenue for the last twelve months as of Q2 2025 stood at $36.47 billion, with a healthy revenue growth of 10.26% over the same period.
One of the standout metrics is Salesforce's impressive gross profit margin of 76.35% for the last twelve months as of Q2 2025. This aligns with an InvestingPro Tip highlighting the company's "impressive gross profit margins," indicating strong pricing power and efficient cost management.
Another InvestingPro Tip notes that Salesforce is "trading at a low P/E ratio relative to near-term earnings growth." This is reflected in the company's PEG ratio of 0.19 for the last twelve months as of Q2 2025, suggesting that the stock may be undervalued relative to its expected growth.
For investors seeking more comprehensive analysis, InvestingPro offers 13 additional tips on Salesforce, providing a deeper understanding of the company's financial health and market position.
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