salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $133.60, for a total transaction of $288,576.00. Following the completion of the transaction, the chief executive officer now owns 24,865 shares in the company, valued at $3,321,964. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, December 4th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $122.60, for a total transaction of $127,258.80.
  • On Tuesday, November 20th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $114.18, for a total transaction of $246,628.80.
  • On Thursday, November 15th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $128.71, for a total transaction of $278,013.60.
  • On Tuesday, November 13th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $131.48, for a total transaction of $283,996.80.
  • On Thursday, November 8th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $142.61, for a total transaction of $308,037.60.
  • 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.

NYSE:CRM traded down $4.03 during midday trading on Friday, reaching $138.04. 2,748,713 shares of the stock traded hands, compared to its average volume of 7,791,492. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. salesforce.com, inc. has a 12-month low of $101.32 and a 12-month high of $161.19. The stock has a market capitalization of $106.52 billion, a price-to-earnings ratio of 306.74, a PEG ratio of 4.23 and a beta of 1.42.

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

Several equities research analysts have recently weighed in on CRM shares. Societe Generale set a $170.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Morgan Stanley upped their price target on shares of salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 14th. Piper Jaffray Companies upped their price target on shares of salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. UBS Group upped their price target on shares of salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Credit Suisse Group set a $170.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Four analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $168.08.

A number of institutional investors have recently modified their holdings of CRM. Newport Wealth Strategies Inc. increased its stake in shares of salesforce.com by 17.7% in the second quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock worth $320,000 after acquiring an additional 353 shares during the period. Arthur M. Cohen & Associates LLC grew its position in salesforce.com by 4.5% during the third quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock valued at $1,366,000 after buying an additional 370 shares during the period. Aspiriant LLC grew its position in salesforce.com by 11.8% during the third quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock valued at $587,000 after buying an additional 389 shares during the period. ProVise Management Group LLC grew its position in salesforce.com by 6.9% during the second quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock valued at $840,000 after buying an additional 400 shares during the period. Finally, Lido Advisors LLC grew its position in salesforce.com by 8.9% during the third quarter. Lido Advisors LLC now owns 5,061 shares of the CRM provider’s stock valued at $804,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.

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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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