Salesforce.com Inc (NYSE:CRM) COO Keith Block Sells 10,000 Shares

Salesforce.com Inc (NYSE:CRM) COO Keith Block sold 10,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $108.30, for a total value of $1,083,000.00. Following the completion of the sale, the chief operating officer now owns 24,154 shares in the company, valued at approximately $2,615,878.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, November 28th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $106.14, for a total value of $1,061,400.00.
  • On Friday, November 24th, Keith Block sold 14,189 shares of Salesforce.com stock. The shares were sold at an average price of $106.86, for a total value of $1,516,236.54.
  • On Thursday, November 16th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $106.79, for a total value of $1,067,900.00.
  • On Tuesday, November 14th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $105.43, for a total value of $1,054,300.00.
  • 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 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.

Salesforce.com Inc (NYSE:CRM) traded up $1.15 during midday trading on Thursday, hitting $104.07. 3,898,355 shares of the company’s stock were exchanged, compared to its average volume of 4,455,816. The stock has a market capitalization of $75,170.00, a PE ratio of 314.66, a P/E/G ratio of 9.46 and a beta of 1.24. Salesforce.com Inc has a fifty-two week low of $68.23 and a fifty-two week high of $109.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. sell-side analysts forecast that Salesforce.com Inc will post 0.43 earnings per share for the current year.

Several analysts recently issued reports on CRM shares. J P Morgan Chase & Co reissued a “buy” rating and issued a $95.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and issued a $111.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price objective on shares of Salesforce.com in a report on Wednesday, November 1st. Deutsche Bank restated a “buy” rating and issued a $90.00 price objective (down from $95.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. Finally, Canaccord Genuity restated a “buy” rating on shares of Salesforce.com in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $112.48.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings 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 worth $1,104,945,000 after purchasing an additional 11,498,509 shares during the last quarter. Jennison Associates LLC grew its position in 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 buying an additional 2,740,329 shares during the period. Vanguard Group Inc. grew its position in 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. Tybourne Capital Management HK Ltd. grew its position in Salesforce.com by 76.5% during the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after buying an additional 2,053,200 shares during the period. Finally, Harbour Capital Advisors LLC grew its position in Salesforce.com by 8,573.8% during the second quarter. Harbour Capital Advisors LLC now owns 1,358,321 shares of the CRM provider’s stock valued at $15,685,000 after buying an additional 1,342,661 shares during the period. 85.75% of the stock is owned by institutional investors and hedge funds.

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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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