Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $94.40, for a total value of $944,000.00. Following the completion of the sale, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,280,137.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $95.11, for a total value of $951,100.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $92.80, for a total value of $709,084.80.
  • On Tuesday, September 26th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $93.18, for a total value of $711,988.38.
  • On Thursday, September 21st, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $94.39, for a total value of $721,233.99.
  • On Tuesday, September 19th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were 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 shares were sold at an average price of $95.99, for a total value of $1,466,919.18.

Salesforce.com Inc (CRM) opened at 95.73 on Friday. The firm’s market capitalization is $68.80 billion. The firm has a 50-day moving average price of $94.50 and a 200 day moving average price of $89.17. 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 (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts forecast that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/salesforce-com-inc-crm-vice-chairman-sells-944000-00-in-stock/1611821.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after buying an additional 2,268,623 shares during the period. Jennison Associates LLC boosted its position in shares of Salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after purchasing an additional 2,740,329 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock valued at $1,104,945,000 after purchasing an additional 11,498,509 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Salesforce.com by 21.6% during the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after purchasing an additional 1,910,921 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Salesforce.com by 6.8% during the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock valued at $809,259,000 after purchasing an additional 592,409 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on CRM. Canaccord Genuity reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Monday, September 11th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 price target on shares of Salesforce.com in a research note on Sunday, September 10th. Moffett Nathanson began coverage on Salesforce.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $125.00 price target for the company. Cowen and Company reaffirmed an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Salesforce.com in a research note on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $102.66.

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)

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.