Keith Block Sells 10,000 Shares of Salesforce.com Inc (CRM) Stock

Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $105.43, for a total value of $1,054,300.00. Following the completion of the transaction, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,546,556.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Keith Block also recently made the following trade(s):

  • On Thursday, November 9th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $103.74, for a total value of $1,037,400.00.
  • On Tuesday, November 7th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $102.49, for a total value of $1,024,900.00.
  • On Thursday, November 2nd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $102.17, for a total value of $1,021,700.00.
  • On Tuesday, October 31st, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $101.57, for a total value of $1,015,700.00.
  • On Thursday, October 26th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $100.11, for a total value of $1,001,100.00.
  • On Tuesday, October 24th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $98.10, for a total value of $981,000.00.
  • On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.66, for a total value of $966,600.00.
  • On Tuesday, October 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.32, for a total value of $963,200.00.
  • On Thursday, October 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.00, for a total value of $960,000.00.
  • On Tuesday, October 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.21, for a total value of $962,100.00.

Shares of Salesforce.com Inc (NYSE CRM) opened at $105.43 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $76,347.51, a P/E ratio of 531.15, a PEG ratio of 10.54 and a beta of 1.24. Salesforce.com Inc has a 1 year low of $66.43 and a 1 year high of $107.00.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. research analysts predict that Salesforce.com Inc will post 0.4 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. raised its position in shares of Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after purchasing an additional 18 shares during the period. First Personal Financial Services raised its position in shares of Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the period. Appropriate Balance Financial Services Inc. raised its position in shares of Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after purchasing an additional 33 shares during the period. Boston Private Wealth LLC raised its position in shares of Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares during the period. Finally, Intrust Bank NA raised its position in shares of Salesforce.com by 0.7% during the 2nd quarter. Intrust Bank NA now owns 8,924 shares of the CRM provider’s stock worth $773,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

A number of equities analysts have recently weighed in on CRM shares. Royal Bank Of Canada reiterated a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Credit Suisse Group began coverage on Salesforce.com in a report on Tuesday, August 1st. They set an “outperform” rating and a $110.00 target price for the company. Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price for the company. in a report on Wednesday, August 9th. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Monday, August 21st. Finally, Roth Capital restated a “buy” rating and set a $112.00 target price (up from $103.00) on shares of Salesforce.com in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $107.77.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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