Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $105.43, for a total value of $1,054,300.00. Following the completion of the sale, the insider now directly owns 24,154 shares of the company’s stock, valued at approximately $2,546,556.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, November 9th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $103.74, for a total value of $1,037,400.00.
  • On Tuesday, November 7th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $102.49, for a total value of $1,024,900.00.
  • On Thursday, November 2nd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $102.17, for a total value of $1,021,700.00.
  • On Tuesday, October 31st, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $96.21, for a total value of $962,100.00.

Shares of Salesforce.com Inc (NYSE CRM) traded up $0.54 during mid-day trading on Tuesday, reaching $105.78. The company had a trading volume of 4,609,500 shares, compared to its average volume of 4,365,178. The stock has a market cap of $75,635.98, a PE ratio of 526.20, a PEG ratio of 10.44 and a beta of 1.24. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $105.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.77 and a quick ratio of 0.77.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 25.7% compared to the same quarter last year. research analysts anticipate that Salesforce.com Inc will post 0.4 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Cullinan Associates Inc. lifted its holdings in Salesforce.com by 92.6% in the 2nd quarter. Cullinan Associates Inc. now owns 63,170 shares of the CRM provider’s stock worth $5,471,000 after buying an additional 30,370 shares during the period. Creative Planning lifted its holdings in Salesforce.com by 1.2% in the 2nd quarter. Creative Planning now owns 46,142 shares of the CRM provider’s stock worth $3,996,000 after buying an additional 545 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Salesforce.com in the 2nd quarter worth approximately $373,000. Hollencrest Securities LLC lifted its holdings in Salesforce.com by 11.7% in the 2nd quarter. Hollencrest Securities LLC now owns 11,844 shares of the CRM provider’s stock worth $1,026,000 after buying an additional 1,244 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Salesforce.com by 61.8% in the 2nd quarter. Fisher Asset Management LLC now owns 461,804 shares of the CRM provider’s stock worth $39,992,000 after buying an additional 176,449 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Several equities research analysts have issued reports on CRM shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Credit Suisse Group AG started coverage on Salesforce.com in a report on Tuesday, August 1st. They set an “outperform” rating and a $110.00 price target for the company. Vetr downgraded Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target for the company. in a report on Wednesday, August 9th. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Monday, August 21st. Finally, Roth Capital reiterated a “buy” rating and set a $112.00 price objective (up previously from $103.00) on shares of Salesforce.com in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have assigned a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and an average price target of $107.37.

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)

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