Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 7,641 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $94.39, for a total value of $721,233.99. Following the sale, the insider now owns 17,077 shares of the company’s stock, valued at approximately $1,611,898.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Tuesday, September 19th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $95.85, for a total value of $732,389.85.
  • On Thursday, September 14th, Keith Block sold 15,282 shares of Salesforce.com stock. The stock was sold at an average price of $95.99, for a total value of $1,466,919.18.
  • On Thursday, June 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.77, for a total value of $867,700.00.
  • On Tuesday, June 27th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $87.64, for a total value of $876,400.00.

Shares of Salesforce.com Inc (CRM) opened at 94.94 on Monday. The company has a 50 day moving average price of $93.14 and a 200-day moving average price of $88.31. The firm’s market cap is $68.23 billion. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $98.22.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year. On average, analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of CRM. United Bank raised its holdings in shares of Salesforce.com by 2.0% in the 1st quarter. United Bank now owns 14,474 shares of the CRM provider’s stock worth $1,194,000 after acquiring an additional 281 shares during the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of Salesforce.com by 1,480.4% in the 1st quarter. Thompson Davis & CO. Inc. now owns 3,145 shares of the CRM provider’s stock worth $259,000 after acquiring an additional 2,946 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Salesforce.com by 5.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 79,939 shares of the CRM provider’s stock worth $6,594,000 after acquiring an additional 4,036 shares during the last quarter. Lyell Wealth Management LP raised its holdings in shares of Salesforce.com by 0.7% in the 1st quarter. Lyell Wealth Management LP now owns 31,485 shares of the CRM provider’s stock worth $2,597,000 after acquiring an additional 230 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Salesforce.com by 9.9% in the 1st quarter. Norinchukin Bank The now owns 42,557 shares of the CRM provider’s stock worth $3,511,000 after acquiring an additional 3,832 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

Several analysts have recently issued reports on CRM shares. Stephens reiterated an “overweight” rating and set a $107.00 price target (up previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. Northland Securities reiterated a “buy” rating and set a $105.00 price target on shares of Salesforce.com in a research note on Sunday, September 10th. Wells Fargo & Co reiterated a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research note on Thursday, August 24th. Zacks Investment Research downgraded Salesforce.com from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $102.00 target price on shares of Salesforce.com in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-seven have assigned a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus price target of $102.28.

Salesforce.com Company Profile

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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