Keith Block Sells 10,000 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Keith Block sold 10,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $83.64, for a total value of $836,400.00. Following the completion of the sale, the insider now owns 10,000 shares of the company’s stock, valued at $836,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, March 9th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.08, for a total value of $830,800.00.
  • On Tuesday, March 7th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.73, for a total value of $837,300.00.
  • On Thursday, March 2nd, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.02, for a total value of $830,200.00.
  • On Tuesday, February 28th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.32, for a total value of $813,200.00.
  • On Thursday, February 16th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.39, for a total value of $813,900.00.
  • On Tuesday, February 14th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $80.87, for a total value of $808,700.00.
  • On Thursday, February 2nd, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $78.67, for a total value of $786,700.00.
  • On Tuesday, January 31st, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $79.07, for a total value of $790,700.00.
  • On Thursday, January 26th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $78.57, for a total value of $785,700.00.
  • On Wednesday, January 25th, Keith Block sold 150,000 shares of salesforce.com, inc. stock. The shares were sold at an average price of $78.00, for a total value of $11,700,000.00.

salesforce.com, inc. (NYSE:CRM) opened at 82.90 on Tuesday. The company has a market cap of $58.65 billion, a price-to-earnings ratio of 318.85 and a beta of 1.42. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $84.48. The stock has a 50 day moving average price of $81.59 and a 200-day moving average price of $75.38.

salesforce.com, inc. (NYSE:CRM) last announced its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $0.19 EPS. salesforce.com, inc.’s revenue was up 26.8% compared to the same quarter last year. On average, analysts predict that salesforce.com, inc. will post $1.29 EPS for the current fiscal year.

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

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. NEXT Financial Group Inc increased its position in shares of salesforce.com, inc. by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock worth $125,000 after buying an additional 39 shares in the last quarter. JNBA Financial Advisors increased its position in shares of salesforce.com, inc. by 9.3% in the fourth quarter. JNBA Financial Advisors now owns 1,828 shares of the CRM provider’s stock worth $125,000 after buying an additional 155 shares in the last quarter. Hemenway Trust Co LLC acquired a new position in shares of salesforce.com, inc. during the fourth quarter worth about $137,000. Global X Management Co. LLC increased its position in shares of salesforce.com, inc. by 278.4% in the third quarter. Global X Management Co. LLC now owns 2,066 shares of the CRM provider’s stock worth $147,000 after buying an additional 1,520 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC acquired a new position in shares of salesforce.com, inc. during the third quarter worth about $150,000. Institutional investors own 83.13% of the company’s stock.

CRM has been the subject of a number of recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 target price on shares of salesforce.com, inc. in a research report on Tuesday, January 31st. Needham & Company LLC initiated coverage on salesforce.com, inc. in a research report on Wednesday, February 15th. They set a “hold” rating for the company. Goldman Sachs Group Inc set a $96.00 target price on salesforce.com, inc. and gave the company a “buy” rating in a research report on Wednesday, March 1st. MKM Partners reiterated a “buy” rating and set a $93.00 target price on shares of salesforce.com, inc. in a research report on Thursday, December 1st. Finally, Pacific Crest reiterated an “overweight” rating on shares of salesforce.com, inc. in a research report on Saturday, January 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.06.

About salesforce.com, inc.

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

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