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 Salesforce.com stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $96.21, for a total transaction of $962,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $95.11, for a total transaction of $951,100.00.
  • On Tuesday, October 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $94.40, for a total transaction of $944,000.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $92.80, for a total transaction of $709,084.80.
  • On Tuesday, September 26th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $93.18, for a total transaction of $711,988.38.
  • On Thursday, September 21st, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $94.39, for a total transaction of $721,233.99.
  • On Tuesday, September 19th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $95.85, for a total transaction of $732,389.85.
  • On Thursday, September 14th, Keith Block sold 15,282 shares of Salesforce.com stock. The stock was sold at an average price of $95.99, for a total transaction of $1,466,919.18.

Shares of Salesforce.com Inc (NYSE CRM) opened at 96.01 on Thursday. The firm has a 50-day moving average of $95.00 and a 200-day moving average of $89.62. Salesforce.com Inc has a one year low of $66.43 and a one year high of $98.22. The firm’s market capitalization is $69.00 billion.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. On average, equities analysts predict that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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CRM has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target on shares of Salesforce.com in a report on Friday, June 16th. Northland Securities set a $105.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a report on Saturday, June 24th. SunTrust Banks, Inc. initiated coverage on shares of Salesforce.com in a report on Monday, June 26th. They set a “buy” rating and a $110.00 price target for the company. Zacks Investment Research downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Vetr downgraded shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price target for the company. in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $102.40.

A number of institutional investors have recently bought and sold shares of the stock. Neville Rodie & Shaw Inc. boosted its holdings in Salesforce.com by 19.6% in the third quarter. Neville Rodie & Shaw Inc. now owns 23,999 shares of the CRM provider’s stock valued at $2,242,000 after acquiring an additional 3,926 shares during the last quarter. Ardsley Advisory Partners bought a new position in Salesforce.com in the second quarter valued at about $779,000. Perigon Wealth Management LLC boosted its holdings in Salesforce.com by 6.9% in the second quarter. Perigon Wealth Management LLC now owns 46,557 shares of the CRM provider’s stock valued at $4,032,000 after acquiring an additional 3,002 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in Salesforce.com by 1.1% in the second quarter. Sentry Investment Management LLC now owns 51,926 shares of the CRM provider’s stock valued at $4,497,000 after acquiring an additional 543 shares during the last quarter. Finally, WFG Advisors LP boosted its holdings in Salesforce.com by 130.2% in the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

About Salesforce.com

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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