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 on Thursday, October 25th. The shares were sold at an average price of $134.11, for a total transaction of $289,677.60. Following the sale, the chief executive officer now directly owns 23,836 shares in the company, valued at $3,196,645.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, October 23rd, Keith Block sold 2,160 shares of salesforce.com stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.
  • On Thursday, August 9th, Keith Block sold 9,604 shares of salesforce.com stock. The shares were sold at an average price of $145.49, for a total transaction of $1,397,285.96.
  • On Tuesday, August 7th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $143.61, for a total transaction of $1,436,100.00.

CRM stock traded down $5.28 during mid-day trading on Friday, reaching $135.52. 7,454,565 shares of the stock traded hands, compared to its average volume of 5,444,735. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 52 week low of $98.68 and a 52 week high of $161.19. The stock has a market capitalization of $108.17 billion, a price-to-earnings ratio of 301.16, a price-to-earnings-growth ratio of 4.70 and a beta of 1.27.



salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities analysts expect that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

CRM has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of salesforce.com from $147.00 to $152.00 and gave the company a “market perform” rating in a report on Thursday, June 28th. Canaccord Genuity reiterated a “buy” rating on shares of salesforce.com in a report on Thursday, June 28th. JMP Securities upped their price objective on shares of salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Robert W. Baird upped their price objective on shares of salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 11th. Finally, Oppenheimer upped their price objective on shares of salesforce.com from $152.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 11th. Six analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and an average target price of $164.85.

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after buying an additional 3,066,099 shares during the last quarter. BlackRock Inc. raised its position in shares of salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after buying an additional 2,212,408 shares during the last quarter. Morgan Stanley raised its position in shares of salesforce.com by 1.5% during the second quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock valued at $1,977,256,000 after buying an additional 214,578 shares during the last quarter. Northern Trust Corp raised its position in shares of salesforce.com by 1.0% during the second quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock valued at $1,353,597,000 after buying an additional 98,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock valued at $1,027,545,000 after buying an additional 961,104 shares during the last quarter. Institutional investors own 83.03% of the company’s stock.

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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