Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $102.17, for a total value of $1,021,700.00. Following the completion of the sale, the insider now owns 24,154 shares of the company’s stock, valued at $2,467,814.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, October 31st, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $101.57, for a total value of $1,015,700.00.
  • On Thursday, October 26th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $100.11, for a total value of $1,001,100.00.
  • On Tuesday, October 24th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $98.10, for a total value of $981,000.00.
  • On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.66, for a total value of $966,600.00.
  • On Tuesday, October 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.32, for a total value of $963,200.00.
  • On Thursday, October 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.00, for a total value of $960,000.00.
  • On Tuesday, October 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $96.21, for a total value of $962,100.00.
  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $95.11, for a total value of $951,100.00.
  • On Tuesday, October 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $94.40, for a total value of $944,000.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $92.80, for a total value of $709,084.80.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.24. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/salesforce-com-inc-crm-vice-chairman-sells-1021700-00-in-stock/1674305.html.

Several research analysts have commented on CRM shares. Stephens reaffirmed an “overweight” rating and issued a $107.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Thursday, August 31st. Zacks Investment Research downgraded Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vetr downgraded Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target on the stock. in a research report on Wednesday, October 11th. Moffett Nathanson started coverage on Salesforce.com in a research report on Wednesday, September 6th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, BNP Paribas reaffirmed a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have given a buy rating to the company. Salesforce.com has a consensus rating of “Buy” and an average target price of $103.83.

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Analysts LLC increased its holdings in Salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC increased its holdings in Salesforce.com by 3,000.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares in the last quarter. People s United Financial Inc. increased its holdings in Salesforce.com by 60.1% during the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after purchasing an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Salesforce.com during the 2nd quarter worth approximately $130,000. Finally, First Personal Financial Services increased its holdings in Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

About Salesforce.com

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

Receive News & Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.