salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 3,470 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $159.60, for a total value of $553,812.00. Following the completion of the sale, the chief executive officer now directly owns 30,972 shares of the company’s stock, valued at $4,943,131.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, March 27th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.26, for a total value of $791,300.00.
  • On Wednesday, March 20th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $163.25, for a total value of $816,250.00.
  • On Wednesday, March 13th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.53, for a total value of $797,650.00.
  • On Wednesday, March 6th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.00, for a total value of $785,000.00.
  • On Wednesday, February 27th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.67, for a total value of $813,350.00.
  • On Monday, February 25th, Keith Block sold 684 shares of salesforce.com stock. The stock was sold at an average price of $162.13, for a total value of $110,896.92.
  • On Wednesday, February 20th, Keith Block sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.36, for a total value of $801,800.00.
  • On Wednesday, February 6th, Keith Block sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $159.00, for a total value of $795,000.00.
  • On Wednesday, January 30th, Keith Block sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.03, for a total value of $735,150.00.
  • On Wednesday, January 16th, Keith Block sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.15, for a total value of $745,750.00.

NYSE:CRM opened at $155.12 on Thursday. The firm has a market capitalization of $122.90 billion, a price-to-earnings ratio of 106.98, a price-to-earnings-growth ratio of 5.31 and a beta of 1.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 1 year low of $111.34 and a 1 year high of $166.99.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current year.

Several equities research analysts have recently commented on CRM shares. Stephens started coverage on salesforce.com in a research note on Wednesday, January 16th. They set an “overweight” rating and a $183.00 price target for the company. TheStreet upgraded salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Zacks Investment Research upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 price target for the company in a research note on Friday, November 30th. Atlantic Securities started coverage on salesforce.com in a research note on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price target for the company. Finally, Bank of America restated a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $177.82.

A number of institutional investors have recently bought and sold shares of CRM. Oregon Public Employees Retirement Fund grew its holdings in salesforce.com by 29,364.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 21,642,889 shares during the last quarter. Norges Bank acquired a new stake in salesforce.com in the fourth quarter valued at $938,778,000. Lunia Capital LP acquired a new stake in salesforce.com in the fourth quarter valued at $5,811,000. BlackRock Inc. grew its holdings in salesforce.com by 9.2% in the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after purchasing an additional 4,321,630 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in salesforce.com by 18.3% in the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after purchasing an additional 3,041,293 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.

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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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