Salesforce CTO Harris Parker sells shares worth over $249k

Salesforce, Inc. (NYSE:CRM) Co-Founder and Chief Technology Officer of Slack, Harris Parker, recently sold company shares valued at more than $249,000, according to a new SEC filing. The transactions, which took place on September 23, 2024, involved the sale of 942 shares at a price of approximately $264.78 each.

The sold shares were part of a tax withholding obligation related to the vesting of restricted stock units (RSUs) that were earned by Parker through continued employment. Specifically, these RSUs vested on September 22, 2024, and the sale was to satisfy the tax withholding requirements that came due upon vesting.

In addition to the sales, Parker also acquired a total of 1,875 shares through the vesting of RSUs, with no transaction price associated as they convert to common stock on a one-for-one basis. These transactions reflect the typical process of RSU vesting and subsequent sales to cover tax liabilities.

Following these transactions, Parker's total direct holdings in Salesforce common stock have been adjusted. The SEC filing also noted that Parker holds additional shares indirectly through various family trusts and LLCs managed by him and his spouse.

For investors, these filings offer a glimpse into the actions of senior executives at Salesforce, providing insights into their stock holdings and transactions. Harris Parker's recent transactions reflect a common practice among executives who receive equity compensation and are part of the ongoing financial disclosures required by company insiders.



In other recent news, Salesforce.com (NYSE:CRM ) has reported robust second-quarter earnings, with earnings per share reaching $2.56, surpassing the consensus estimate of $2.36. The company also saw an 8% increase in sales, primarily driven by a 9% rise in subscription and support revenues. Moreover, Salesforce has entered a definitive agreement to acquire Own Company, a provider of data protection and management solutions, for $1.9 billion in cash.

In terms of product innovations, Salesforce has launched Agentforce, an AI-driven suite of autonomous bots, which has been met with enthusiasm from several analyst firms. BofA Securities, TD Cowen, Needham, and Baird have maintained their ratings on Salesforce, reflecting confidence in the company's strategic focus on AI.

However, Erste Group downgraded the stock from Buy to Hold due to projected slower growth. Truist Securities revised its price target for Salesforce to $300, maintaining a Buy rating. These are among the recent developments that have shaped Salesforce's market position.
InvestingPro Insights


As Salesforce, Inc. (NYSE:CRM) navigates the complexities of the tech market, recent financial metrics and insights from InvestingPro paint a detailed picture of the company's current standing. With a robust market capitalization of $252.99 billion, Salesforce appears to maintain a solid position in the industry. The company's P/E ratio, a key indicator of market expectations about growth and profitability, stands at 45.46. This figure aligns with the company's adjusted P/E ratio for the last twelve months as of Q2 2025, which is 41.92, suggesting a consistent valuation over time.

InvestingPro Tips highlight Salesforce's impressive gross profit margins, which reached 76.35% in the last twelve months as of Q2 2025, underlining the company's ability to maintain profitability despite market challenges. Additionally, Salesforce has been recognized by analysts for its financial health, with 23 analysts revising their earnings upwards for the upcoming period, indicating a positive outlook on the company's performance.

Investors may also take note of the company's share buyback activity, as management has been aggressively purchasing shares, a move that can often signal confidence in the company's future and potentially enhance shareholder value. This strategic decision complements the fact that Salesforce is considered a prominent player in the Software industry.

For those seeking further insights into Salesforce's financials and market potential, InvestingPro offers additional tips that can provide a deeper understanding of the company's position and future prospects. Currently, there are 13 more InvestingPro Tips available, which can be accessed for more comprehensive analysis and investment considerations.

With these metrics and insights, investors can better gauge Salesforce's performance and make more informed decisions based on real-time data and expert analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com