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

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $133.60, for a total value of $288,576.00. Following the completion of the transaction, the chief executive officer now directly owns 24,865 shares in the company, valued at $3,321,964. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, December 4th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $142.73, for a total value of $308,296.80.
  • On Thursday, November 29th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $140.28, for a total value of $303,004.80.
  • On Tuesday, November 27th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $125.15, for a total value of $270,324.00.
  • On Friday, November 23rd, Keith Block sold 1,038 shares of salesforce.com stock. The stock was sold at an average price of $122.60, for a total value of $127,258.80.
  • On Tuesday, November 20th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $114.18, for a total value of $246,628.80.
  • On Thursday, November 15th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $128.71, for a total value of $278,013.60.
  • On Tuesday, November 13th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $131.48, for a total value of $283,996.80.
  • On Thursday, November 8th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $142.61, for a total value of $308,037.60.
  • On Tuesday, November 6th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $135.48, for a total value of $292,636.80.
  • 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 value of $289,677.60.

NYSE CRM opened at $135.95 on Friday. The company has a market cap of $108.68 billion, a PE ratio of 302.11, a P/E/G ratio of 4.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. salesforce.com, inc. has a fifty-two week low of $101.32 and a fifty-two week high of $161.19.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, equities analysts expect that salesforce.com, inc. will post 1.32 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Botty Investors LLC purchased a new stake in shares of salesforce.com in the 3rd quarter worth $123,000. Psagot Investment House Ltd. purchased a new stake in shares of salesforce.com in the 3rd quarter worth $134,000. Resources Investment Advisors Inc. lifted its holdings in shares of 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 buying an additional 965 shares during the period. United Capital Management of KS Inc. purchased a new stake in shares of salesforce.com in the 3rd quarter worth $193,000. Finally, Nikulski Financial Inc. purchased a new stake in shares of salesforce.com in the 3rd quarter worth $200,000. 82.78% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on CRM shares. Bank of America lifted their price objective on salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Jefferies Financial Group lifted their price objective on salesforce.com from $172.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Piper Jaffray Companies lifted their price objective on salesforce.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research note on Tuesday, October 2nd. Finally, BMO Capital Markets lifted their price objective on salesforce.com from $165.00 to $174.00 and gave the stock a “market perform” rating in a research note on Monday, October 15th. Four analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. salesforce.com presently has a consensus rating of “Buy” and an average target price of $168.08.

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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.

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