Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $103.74, for a total value of $1,037,400.00. Following the sale, the insider now owns 24,154 shares of the company’s stock, valued at approximately $2,505,735.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, November 7th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was 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 stock was 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 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 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.
  • 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.

Shares of Salesforce.com Inc (NYSE:CRM) opened at $105.78 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $105.96. The stock has a market cap of $75,635.98, a price-to-earnings ratio of 526.20, a price-to-earnings-growth ratio of 10.44 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. equities research analysts forecast that Salesforce.com Inc will post 0.4 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CRM. Capital Analysts LLC raised 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 valued at $110,000 after acquiring an additional 156 shares during the period. Peddock Capital Advisors LLC raised 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 valued at $121,000 after acquiring an additional 1,350 shares during the period. People s United Financial Inc. raised 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 valued at $127,000 after acquiring an additional 550 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in Salesforce.com during the 2nd quarter valued at $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after acquiring an additional 940 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

CRM has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $102.00 target price on shares of Salesforce.com in a research report on Monday, July 31st. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research note on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Stifel Nicolaus raised their target price on Salesforce.com from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $108.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. 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 company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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