Keith Block Sells 2,500 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $151.45, for a total transaction of $378,625.00. Following the completion of the transaction, the chief executive officer now owns 31,017 shares in the company, valued at approximately $4,697,524.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, June 5th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $157.98, for a total transaction of $394,950.00.
  • On Wednesday, May 22nd, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $156.70, for a total transaction of $391,750.00.
  • On Wednesday, May 15th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $153.00, for a total transaction of $382,500.00.
  • On Wednesday, May 8th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $156.91, for a total transaction of $392,275.00.
  • On Wednesday, May 1st, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $166.01, for a total transaction of $415,025.00.
  • On Wednesday, April 24th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $162.00, for a total transaction of $405,000.00.
  • On Wednesday, April 17th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $159.05, for a total transaction of $397,625.00.
  • On Wednesday, April 10th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $158.44, for a total transaction of $396,100.00.
  • On Wednesday, April 3rd, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $161.41, for a total transaction of $403,525.00.
  • On Wednesday, March 27th, Keith Block sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.26, for a total transaction of $791,300.00.

Shares of NYSE:CRM traded down $1.28 on Friday, hitting $150.06. 4,686,091 shares of the company’s stock were exchanged, compared to its average volume of 7,388,154. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a market cap of $117.39 billion, a price-to-earnings ratio of 103.49, a price-to-earnings-growth ratio of 5.21 and a beta of 1.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, equities research analysts predict that salesforce.com, inc. will post 1.34 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in CRM. Vanguard Group Inc lifted its position in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. Buckingham Capital Management Inc. raised its holdings in shares of salesforce.com by 8.1% in the fourth quarter. Buckingham Capital Management Inc. now owns 32,519 shares of the CRM provider’s stock valued at $4,454,000 after acquiring an additional 2,439 shares in the last quarter. Comerica Securities Inc. grew its stake in salesforce.com by 10.6% in the fourth quarter. Comerica Securities Inc. now owns 1,704 shares of the CRM provider’s stock valued at $233,000 after purchasing an additional 163 shares during the last quarter. Winch Advisory Services LLC grew its stake in salesforce.com by 2.9% in the fourth quarter. Winch Advisory Services LLC now owns 21,787 shares of the CRM provider’s stock valued at $2,984,000 after purchasing an additional 614 shares during the last quarter. Finally, Bollard Group LLC purchased a new position in salesforce.com in the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

A number of equities research analysts have commented on the stock. Wedbush restated an “outperform” rating and set a $192.00 target price on shares of salesforce.com in a research note on Friday, May 31st. Nomura restated a “buy” rating on shares of salesforce.com in a research note on Tuesday, May 28th. BMO Capital Markets restated an “outperform” rating and set a $185.00 target price (up previously from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Canaccord Genuity restated a “buy” rating and set a $175.00 target price (up previously from $165.00) on shares of salesforce.com in a research note on Wednesday, March 6th. Finally, Exane BNP Paribas started coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. salesforce.com has an average rating of “Buy” and an average price target of $180.03.

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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.

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