salesforce.com, inc. (CRM) Vice Chairman Keith Block Sells 10,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $135.43, for a total value of $1,354,300.00. Following the transaction, the insider now directly owns 30,647 shares in the company, valued at approximately $4,150,523.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, June 7th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $135.30, for a total value of $1,353,000.00.
  • On Thursday, May 31st, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $129.37, for a total value of $1,293,700.00.
  • On Tuesday, May 29th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $127.14, for a total value of $1,271,400.00.
  • On Thursday, May 24th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $128.33, for a total value of $1,283,300.00.
  • On Tuesday, May 22nd, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $126.56, for a total value of $1,265,600.00.
  • On Tuesday, May 15th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $126.82, for a total value of $1,268,200.00.
  • 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 value 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 value 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 value 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 value of $1,189,300.00.

Shares of salesforce.com traded up $2.08, hitting $138.58, during trading on Thursday, MarketBeat.com reports. 354,507 shares of the company were exchanged, compared to its average volume of 5,458,647. The company has a market capitalization of $98.33 billion, a PE ratio of 309.36, a price-to-earnings-growth ratio of 5.35 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. salesforce.com, inc. has a 1-year low of $84.89 and a 1-year high of $137.50.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.28. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.94 billion. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. equities analysts forecast that salesforce.com, inc. will post 1 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CRM. Zacks Investment Research cut salesforce.com from a “strong-buy” rating to a “hold” rating in a report on Monday, June 4th. Roth Capital boosted their price objective on salesforce.com from $112.00 to $131.00 and gave the stock a “neutral” rating in a report on Thursday, May 31st. SunTrust Banks boosted their price objective on salesforce.com from $133.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Deutsche Bank boosted their price objective on salesforce.com from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Finally, Oppenheimer boosted their price objective on salesforce.com from $135.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, May 30th. Six equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $133.75.

Several large investors have recently made changes to their positions in the company. Egerton Capital UK LLP acquired a new stake in salesforce.com in the fourth quarter valued at $294,547,000. Arrowstreet Capital Limited Partnership increased its holdings in salesforce.com by 323.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock valued at $364,846,000 after purchasing an additional 2,725,972 shares during the period. Summit Trail Advisors LLC increased its holdings in salesforce.com by 13,535.6% in the first quarter. Summit Trail Advisors LLC now owns 1,814,629 shares of the CRM provider’s stock valued at $1,815,000 after purchasing an additional 1,801,321 shares during the period. Tybourne Capital Management HK Ltd. increased its holdings in salesforce.com by 27.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after purchasing an additional 945,000 shares during the period. Finally, Swedbank acquired a new stake in salesforce.com in the first quarter valued at $106,630,000. Institutional investors own 84.76% of the company’s stock.

About salesforce.com

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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