Insider Selling: salesforce.com, inc. (CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 5,000 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $146.89, for a total transaction of $734,450.00. Following the completion of the transaction, the chief executive officer now owns 27,705 shares of the company’s stock, valued at approximately $4,069,587.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, January 2nd, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $134.55, for a total transaction of $672,750.00.
  • On Thursday, December 20th, Keith Block sold 2,136 shares of salesforce.com stock. The shares were sold at an average price of $129.25, for a total transaction of $276,078.00.
  • On Tuesday, December 18th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $132.14, for a total transaction of $285,422.40.
  • On Thursday, December 13th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $141.50, for a total transaction of $305,640.00.
  • On Tuesday, December 11th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $140.59, for a total transaction of $303,674.40.
  • On Thursday, December 6th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $133.60, for a total transaction of $288,576.00.
  • On Tuesday, December 4th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $142.73, for a total transaction of $308,296.80.
  • On Thursday, November 29th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $140.28, for a total transaction of $303,004.80.
  • On Tuesday, November 27th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $125.15, for a total transaction of $270,324.00.
  • On Friday, November 23rd, Keith Block sold 1,038 shares of salesforce.com stock. The shares were sold at an average price of $122.60, for a total transaction of $127,258.80.

NYSE CRM opened at $147.04 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $105.54 billion, a PE ratio of 326.76, a P/E/G ratio of 4.34 and a beta of 1.28. salesforce.com, inc. has a 52-week low of $102.37 and a 52-week high of $161.19.



salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts predict that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Botty Investors LLC acquired a new position in salesforce.com in the third quarter worth approximately $123,000. Psagot Investment House Ltd. acquired a new position in salesforce.com in the third quarter worth approximately $134,000. Resources Investment Advisors Inc. increased its holdings in salesforce.com by 328.2% in 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 during the last quarter. United Capital Management of KS Inc. acquired a new position in salesforce.com in the third quarter worth approximately $193,000. Finally, Sky Investment Group LLC acquired a new position in salesforce.com in the third quarter worth approximately $204,000. 81.76% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on CRM. Nomura reissued a “buy” rating on shares of salesforce.com in a report on Wednesday, December 5th. Zacks Investment Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research note on Friday, November 30th. Atlantic Securities started coverage on shares of salesforce.com in a research note on Wednesday. They set an “overweight” rating and a $179.00 price objective for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Finally, Jefferies Financial Group upped their price objective on shares of salesforce.com from $172.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $168.97.

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

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