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

Salesforce.com (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $126.82, for a total transaction of $1,268,200.00. Following the sale, the insider now owns 29,618 shares in the company, valued at approximately $3,756,154.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, May 8th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $126.80, for a total transaction of $1,268,000.00.
  • On Thursday, May 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $122.93, for a total transaction of $1,229,300.00.
  • On Tuesday, May 1st, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.76, for a total transaction of $1,207,600.00.
  • On Thursday, April 26th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.93, for a total transaction of $1,189,300.00.
  • On Tuesday, April 24th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $122.79, for a total transaction of $1,227,900.00.
  • On Thursday, April 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $123.69, for a total transaction of $1,236,900.00.
  • On Tuesday, April 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $121.11, for a total transaction of $1,211,100.00.
  • On Thursday, April 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $119.82, for a total transaction of $1,198,200.00.
  • On Tuesday, April 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $118.55, for a total transaction of $1,185,500.00.
  • On Thursday, March 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $113.31, for a total transaction of $1,133,100.00.

CRM opened at $126.05 on Friday. The stock has a market capitalization of $94.17 billion, a PE ratio of 286.16, a P/E/G ratio of 5.44 and a beta of 1.24. Salesforce.com has a 1-year low of $127.92 and a 1-year high of $128.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07.

Salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.81 billion. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. equities analysts expect that Salesforce.com will post 0.98 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its holdings in shares of Salesforce.com by 64.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock valued at $121,000 after buying an additional 409 shares during the period. Sandy Spring Bank boosted its holdings in shares of Salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock valued at $2,799,000 after buying an additional 470 shares during the period. Mogy Joel R Investment Counsel Inc. boosted its holdings in shares of Salesforce.com by 0.3% in the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 187,886 shares of the CRM provider’s stock valued at $21,851,000 after buying an additional 475 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Salesforce.com by 17.5% in the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock valued at $334,000 after buying an additional 485 shares during the period. Finally, Zeke Capital Advisors LLC boosted its holdings in shares of Salesforce.com by 3.1% in the 1st quarter. Zeke Capital Advisors LLC now owns 15,968 shares of the CRM provider’s stock valued at $1,857,000 after buying an additional 487 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. JMP Securities lifted their price target on shares of Salesforce.com from $126.00 to $140.00 and gave the company a “market outperform” rating in a report on Tuesday, May 8th. Credit Suisse Group lifted their price target on shares of Salesforce.com from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 4th. Sanford C. Bernstein upgraded shares of Salesforce.com from an “underperform” rating to a “market perform” rating in a report on Thursday, May 3rd. Zacks Investment Research lowered shares of Salesforce.com from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Monness Crespi & Hardt assumed coverage on shares of Salesforce.com in a report on Wednesday, April 11th. They issued a “buy” rating and a $152.00 price target on the stock. Six research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $125.79.

Salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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