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 firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $96.32, for a total value of $963,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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



  • 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 Thursday, October 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were 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 shares were sold at an average price of $96.21, for a total value of $962,100.00.
  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $95.11, for a total value of $951,100.00.
  • On Tuesday, October 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $94.40, for a total value of $944,000.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $92.80, for a total value of $709,084.80.
  • On Tuesday, September 26th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $93.18, for a total value 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 value 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 value of $732,389.85.

Shares of Salesforce.com Inc (CRM) opened at 100.70 on Friday. The stock’s 50 day moving average price is $95.85 and its 200-day moving average price is $90.67. The firm’s market capitalization is $72.37 billion. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $101.98.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.24. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, equities analysts expect that Salesforce.com Inc will post $1.32 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Salesforce.com Inc (CRM) Vice Chairman Keith Block Sells 10,000 Shares of Stock” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/28/keith-block-sells-10000-shares-of-salesforce-com-inc-crm-stock.html.

Large investors have recently modified their holdings of the business. Appropriate Balance Financial Services Inc. lifted its stake in shares of Salesforce.com by 6.9% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after purchasing an additional 33 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of Salesforce.com by 14.1% in the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after purchasing an additional 156 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake 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 purchasing an additional 1,350 shares during the last quarter. People s United Financial Inc. lifted its stake 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 purchasing an additional 550 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Salesforce.com in the 2nd quarter valued at $130,000. 86.12% of the stock is owned by institutional investors.

CRM has been the subject of several recent analyst reports. Robert W. Baird reissued a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and set a $111.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. UBS AG reissued a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. Finally, Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price for the company. in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.75.

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