Salesforce CEO Marc Benioff Sells Over $4 Million in Company Stock
Salesforce CEO Marc Benioff recently sold over $4 million worth of company stock in a series of transactions under a Rule 10b5-1 trading plan. Despite the sales reducing Benioff’s direct holdings, he still holds a substantial amount of Salesforce stock personally and through the Marc R. Benioff Revocable Trust. Insider transactions like these provide valuable insights for investors, even though they may not necessarily reflect an insider’s outlook on the company’s future.
Salesforce shares slip after modest revenue forecast for new fiscal year
Salesforce experiences slip in shares after issuing modest revenue forecast for fiscal year 2025, despite surpassing estimates for fiscal fourth quarter results. Company announces acquisition of Spiff and begins selling products on Amazon Web Services marketplace. Analysts’ expectations for fiscal year 2025 fall short, causing 6% decline in extended trading. Stay tuned for updates.