Salesforce.com (CRM) Vice Chairman Sells $1,211,100.00 in Stock

Salesforce.com (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $121.11, for a total value of $1,211,100.00. Following the completion of the sale, the insider now directly owns 29,618 shares of the company’s stock, valued at $3,587,035.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, April 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $123.69, for a total value of $1,236,900.00.
  • On Thursday, April 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $119.82, for a total value of $1,198,200.00.
  • On Tuesday, April 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.55, for a total value of $1,185,500.00.
  • On Thursday, March 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $113.31, for a total value of $1,133,100.00.
  • On Tuesday, March 27th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $118.57, for a total value of $1,185,700.00.
  • On Thursday, March 22nd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $120.01, for a total value of $1,200,100.00.
  • On Friday, February 23rd, Keith Block sold 684 shares of Salesforce.com stock. The stock was sold at an average price of $113.47, for a total value of $77,613.48.

Shares of Salesforce.com stock opened at $124.06 on Friday. Salesforce.com has a twelve month low of $83.46 and a twelve month high of $128.87. The firm has a market capitalization of $89,095.71, a P/E ratio of 275.69, a PEG ratio of 5.25 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92.

Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. equities research analysts predict that Salesforce.com will post 0.97 EPS for the current year.

Several equities analysts recently issued reports on the company. SunTrust Banks lifted their price objective on Salesforce.com to $133.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Salesforce.com in a report on Thursday, April 5th. Jefferies Group raised Salesforce.com from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $97.00 to $84.00 in a report on Thursday, February 15th. Citigroup lifted their price objective on Salesforce.com from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Canaccord Genuity lifted their price objective on Salesforce.com from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and forty-six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.85.

A number of institutional investors have recently modified their holdings of CRM. Bessemer Group Inc. lifted its stake in shares of Salesforce.com by 196.4% during the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Salesforce.com during the fourth quarter worth about $123,000. Cerebellum GP LLC acquired a new position in shares of Salesforce.com during the fourth quarter worth about $125,000. Icon Wealth Partners LLC acquired a new position in shares of Salesforce.com during the fourth quarter worth about $131,000. Finally, Truewealth LLC acquired a new position in shares of Salesforce.com during the fourth quarter worth about $133,000. Hedge funds and other institutional investors own 86.70% 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.

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

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