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 firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $142.61, for a total transaction of $308,037.60. Following the completion of the sale, the chief executive officer now owns 23,836 shares of the company’s stock, valued at approximately $3,399,251.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • 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 transaction 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 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 stock was 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.

NYSE:CRM traded up $0.08 during mid-day trading on Thursday, hitting $141.87. 3,979,802 shares of the company’s stock traded hands, compared to its average volume of 5,468,436. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. salesforce.com, inc. has a 1 year low of $98.68 and a 1 year high of $161.19. The company has a market capitalization of $101.36 billion, a P/E ratio of 315.27, a price-to-earnings-growth ratio of 4.40 and a beta of 1.38.

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

A number of brokerages have recently issued reports on CRM. Cowen increased their price target on shares of salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, September 27th. Credit Suisse Group set a $175.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Thursday, September 27th. Deutsche Bank increased their price target on shares of salesforce.com from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 28th. Piper Jaffray Companies increased their price target on shares of salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, September 28th. Finally, Robert W. Baird increased their price target on shares of salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Six investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $165.25.

Large investors have recently bought and sold shares of the business. Botty Investors LLC purchased a new stake in shares of salesforce.com during the third quarter worth about $123,000. Psagot Investment House Ltd. purchased a new stake in shares of salesforce.com during the third quarter worth about $134,000. Resources Investment Advisors Inc. grew its holdings in shares of salesforce.com by 328.2% during the second 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 in the last quarter. CWM LLC grew its holdings in shares of salesforce.com by 95.8% during the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after buying an additional 645 shares in the last quarter. Finally, United Capital Management of KS Inc. purchased a new stake in shares of salesforce.com during the third quarter worth about $193,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

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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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