Salesforce.com (CRM) Vice Chairman Keith Block Sells 10,000 Shares

Salesforce.com (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of Salesforce.com stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $118.55, for a total transaction of $1,185,500.00. Following the transaction, the insider now directly owns 29,618 shares in the company, valued at approximately $3,511,213.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Thursday, April 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.82, for a total transaction of $1,198,200.00.
  • On Thursday, March 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $113.31, for a total transaction of $1,133,100.00.
  • On Tuesday, March 27th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.57, for a total transaction of $1,185,700.00.
  • On Thursday, March 22nd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.01, for a total transaction of $1,200,100.00.
  • On Friday, February 23rd, Keith Block sold 684 shares of Salesforce.com stock. The stock was sold at an average price of $113.47, for a total transaction of $77,613.48.

NYSE CRM opened at $121.40 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. Salesforce.com has a 12-month low of $83.00 and a 12-month high of $128.87. The company has a market capitalization of $86,307.63, a PE ratio of 269.78, a price-to-earnings-growth ratio of 5.09 and a beta of 1.23.



Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year. analysts predict that Salesforce.com will post 0.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in shares of Salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after buying an additional 762 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Salesforce.com in the fourth quarter valued at $123,000. Cerebellum GP LLC bought a new position in shares of Salesforce.com in the fourth quarter valued at $125,000. Icon Wealth Partners LLC bought a new position in shares of Salesforce.com in the fourth quarter valued at $131,000. Finally, Truewealth LLC bought a new position in shares of Salesforce.com in the fourth quarter valued at $133,000. Institutional investors own 86.69% of the company’s stock.

Several research analysts recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Salesforce.com to $133.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of Salesforce.com in a research note on Thursday, April 5th. Jefferies Group raised shares of Salesforce.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $97.00 to $84.00 in a research note on Thursday, February 15th. Citigroup lifted their price objective on shares of Salesforce.com from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Canaccord Genuity lifted their price objective on shares of Salesforce.com from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $124.85.

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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.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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