SAN FRANCISCO—Harris Parker, Co-Founder and CTO of Slack, a subsidiary of Salesforce, Inc. (NYSE:CRM), recently filed a Form 4 with the Securities and Exchange Commission detailing his stock transactions. On October 29, Parker sold a total of 4,200 shares of Salesforce common stock, generating approximately $1.25 million. The shares were sold at prices ranging from $294.0172 to $299.7015.
In addition to the sales, Parker also acquired 4,200 shares through the exercise of stock options at a price of $118.04 per share. Following these transactions, Parker holds 119,402 shares directly. His indirect holdings, through various entities including family trusts and LLCs, amount to several hundred thousand additional shares.
These transactions were conducted as part of a pre-arranged trading plan adopted on September 26, 2023, in accordance with Rule 10b5-1, which allows executives to set up a trading plan for selling stocks they own.
In other recent news, Air Products and Chemicals (NYSE:APD), Inc. has seen a significant development as hedge fund D.E. Shaw decided to support Mantle Ridge in its campaign for changes at the company. The collaborative effort aims to refresh the board of directors, establish a CEO succession strategy, and reallocate capital. Mantle Ridge, led by Paul Hilal, is working to bring in industry veterans Dennis Reilley and potentially Eduardo Menezes in executive positions, a move praised by analysts at Wells Fargo (NYSE:WFC).
Salesforce.com Inc (NYSE:CRM). has been in the spotlight with Oppenheimer raising its price target from $300 to $330, based on insights from the recent Dreamforce conference. The company reported robust second-quarter earnings, with earnings per share of $2.56, an 8% increase in sales, and a 9% rise in subscription and support revenues. Salesforce also acquired Zoomin and Own Company for $1.9 billion in cash and launched Agentforce, an AI-driven suite of autonomous bots.
Investment firm Starboard Value LP has highlighted Salesforce as a potential value creation opportunity at the 2024 Active-Passive Investor Summit. Meanwhile, CFRA raised its price target for Salesforce shares to $343, maintaining a Strong Buy rating, despite challenges in revenue acceleration. TD Cowen, however, maintained a Hold rating on Salesforce, expressing cautious optimism about the company's Agentforce AI advancements. These are recent developments that highlight the ongoing efforts and changes within these companies.
InvestingPro Insights
As Harris Parker, Co-Founder and CTO of Slack, executes his pre-arranged trading plan, it's worth examining Salesforce's current financial position. According to InvestingPro data, Salesforce boasts a substantial market capitalization of $283.84 billion, reflecting its dominant position in the software industry.
The company's financial health appears robust, with revenue reaching $36.47 billion in the last twelve months as of Q2 2025. Notably, Salesforce maintains an impressive gross profit margin of 76.35%, underscoring its ability to generate significant value from its sales. This aligns with an InvestingPro Tip highlighting Salesforce's "impressive gross profit margins."
Another InvestingPro Tip points out that Salesforce is "trading at a low P/E ratio relative to near-term earnings growth." This is particularly interesting given the company's current P/E ratio of 51.22, which might seem high at first glance. However, when considering the company's growth prospects, this valuation metric suggests potential upside for investors.
For those seeking a deeper understanding of Salesforce's financial landscape, InvestingPro offers 14 additional tips, providing a comprehensive view of the company's strengths and potential areas of concern. These insights can be particularly valuable for investors looking to contextualize executive stock transactions within the broader financial picture of the company.
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