Keith Block Sells 2,160 Shares of salesforce.com, inc. (CRM) Stock

Share on StockTwits

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $135.48, for a total transaction of $292,636.80. Following the completion of the sale, the chief executive officer now owns 23,836 shares in the company, valued at $3,229,301.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Thursday, October 25th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $134.11, for a total transaction of $289,677.60.
  • On Tuesday, October 23rd, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $139.50, for a total transaction of $301,320.00.
  • On Thursday, October 18th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $146.03, for a total transaction of $315,424.80.
  • On Tuesday, October 16th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $145.37, for a total transaction of $313,999.20.
  • On Thursday, October 11th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $137.60, for a total transaction of $297,216.00.
  • On Tuesday, October 9th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $148.05, for a total transaction of $319,788.00.
  • On Thursday, October 4th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $158.79, for a total transaction of $342,986.40.
  • On Tuesday, October 2nd, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $159.14, for a total transaction of $343,742.40.
  • On Thursday, August 23rd, Keith Block sold 1,039 shares of salesforce.com stock. The shares were sold at an average price of $147.23, for a total transaction of $152,971.97.
  • On Thursday, August 9th, Keith Block sold 9,604 shares of salesforce.com stock. The shares were sold at an average price of $145.49, for a total transaction of $1,397,285.96.

CRM opened at $133.95 on Wednesday. The company has a market cap of $103.51 billion, a P/E ratio of 297.67, a price-to-earnings-growth ratio of 4.50 and a beta of 1.38. salesforce.com, inc. has a 1 year low of $98.68 and a 1 year high of $161.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80.

salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, analysts expect that salesforce.com, inc. will post 1.22 earnings per share for the current year.

Several brokerages recently weighed in on CRM. Barclays boosted their target price on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Piper Jaffray Companies boosted their target price on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Morgan Stanley boosted their target price on shares of salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, August 14th. Wedbush boosted their target price on shares of salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Finally, Bank of America boosted their target price on shares of salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, August 21st. Six analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $165.25.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Botty Investors LLC acquired a new stake in salesforce.com during the 3rd quarter worth approximately $123,000. Psagot Investment House Ltd. purchased a new position in salesforce.com in the 3rd quarter worth approximately $134,000. Resources Investment Advisors Inc. boosted its holdings in salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after acquiring an additional 965 shares during the period. CWM LLC boosted its holdings in salesforce.com by 95.8% in the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after acquiring an additional 645 shares during the period. Finally, United Capital Management of KS Inc. purchased a new position in salesforce.com in the 3rd quarter worth approximately $193,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Keith Block Sells 2,160 Shares of salesforce.com, inc. (CRM) Stock” was published by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://weekherald.com/2018/11/07/keith-block-sells-2160-shares-of-salesforce-com-inc-crm-stock-2.html.

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.

Recommended Story: What is intrinsic value?

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

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

Leave a Reply