10 Large-Cap Stocks Insiders Are Selling Recently

8. Salesforce, Inc. (NYSE:CRM)

Number of Insiders Selling: 8

Market Capitalization: $316.585B

Salesforce, a company that designs and develops cloud-based enterprise software for customer relationships, is also one of the 12 Best Long-Term Growth Stocks to Buy Now. It offers applications focused on customer service and support, market automation, analytics, sales force automation, and e-commerce, while also providing industry-specific solutions.

Over the last two months, eight insiders, including the Chair and CEO, President and CFO, and COO, sold a total of $535.84 million worth of Salesforce shares at an average price of $340.83 per share. Salesforce shares are now trading at $324.40 per share, having lost 2.97% since the beginning of the year.

Some analysts are bullish on the stock mostly because of Agentforce, an autonomous AI application that provides specialized support to customers and employees. Agentforce integrates generative AI agents into business workflows. Data from StockAnalysis reveals that 39 analysts have an average “Buy” rating on the stock, with a 12-month stock price target being $374.11, representing an increase of 15.32% from the latest price.

For the third quarter of 2024, the company reported revenue of $9.44 billion, up 8% year-over-year. In December, the company’s board of directors declared a quarterly cash dividend of $0.40 per share.

Recently, Mad Money host, Jim Cramer, praised Agentforce’s market penetrations, its latest advertisement campaign with Mathew McConaughey, and the company’s newly appointed CEO. He said that “Salesforce….is a huuuuuuge buy.”