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 firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $103.74, for a total value of $1,037,400.00. Following the completion of the sale, the insider now directly owns 24,154 shares in the company, valued at approximately $2,505,735.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, November 14th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $105.43, for a total value of $1,054,300.00.
  • 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 (CRM) opened at $106.23 on Wednesday. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $106.38. 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 company has a market capitalization of $76,024.09, a P/E ratio of 528.90, a P/E/G ratio of 10.49 and a beta of 1.24.

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

TRADEMARK VIOLATION NOTICE: “Keith Block Sells 10,000 Shares of Salesforce.com Inc (CRM) Stock” was first posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://weekherald.com/2017/11/15/keith-block-sells-10000-shares-of-salesforce-com-inc-crm-stock.html.

Large investors have recently bought and sold shares of the business. Capital Analysts LLC lifted its holdings in Salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares in the last quarter. Peddock Capital Advisors LLC increased its position in shares of Salesforce.com by 3,000.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after buying an additional 1,350 shares in the last quarter. People s United Financial Inc. increased its position in shares of Salesforce.com by 60.1% in the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after buying an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Salesforce.com in the 2nd quarter valued at $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Salesforce.com by 204.3% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after buying an additional 940 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on CRM. Zacks Investment Research raised Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, August 21st. Credit Suisse Group began coverage on Salesforce.com in a research note on Tuesday, August 1st. They set an “outperform” rating and a $110.00 target price on the stock. Wells Fargo & Company reaffirmed a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. BNP Paribas reaffirmed a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a research note on Friday, August 25th. Finally, JMP Securities reaffirmed a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have issued a buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and an average price target of $107.37.

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)

Receive News & Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply