salesforce.com, inc. (CRM) CEO Keith Block Sells 2,160 Shares

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $133.60, for a total value of $288,576.00. Following the completion of the sale, the chief executive officer now owns 24,865 shares of the company’s stock, valued at $3,321,964. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, December 4th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $142.73, for a total value of $308,296.80.
  • On Thursday, November 29th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $140.28, for a total value of $303,004.80.
  • On Tuesday, November 27th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $125.15, for a total value of $270,324.00.
  • On Friday, November 23rd, Keith Block sold 1,038 shares of salesforce.com stock. The shares were sold at an average price of $122.60, for a total value of $127,258.80.
  • On Tuesday, November 20th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $114.18, for a total value of $246,628.80.
  • On Thursday, November 15th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $128.71, for a total value of $278,013.60.
  • On Tuesday, November 13th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $131.48, for a total value of $283,996.80.
  • On Thursday, November 8th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $142.61, for a total value of $308,037.60.
  • On Tuesday, November 6th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $135.48, for a total value of $292,636.80.
  • On Thursday, October 25th, Keith Block sold 2,160 shares of salesforce.com stock. The shares were sold at an average price of $134.11, for a total value of $289,677.60.

salesforce.com stock opened at $135.95 on Friday. The stock has a market cap of $108.68 billion, a P/E ratio of 302.11, a P/E/G ratio of 4.32 and a beta of 1.42. salesforce.com, inc. has a 52 week low of $101.32 and a 52 week high of $161.19. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.50 by $0.11. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. salesforce.com’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Research analysts anticipate that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Cowen increased their price target on salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Credit Suisse Group set a $175.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Thursday, September 27th. Deutsche Bank increased their price target on salesforce.com from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, September 28th. Piper Jaffray Companies increased their price target on salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, September 28th. Finally, Robert W. Baird increased their price target on salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Four research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $168.08.

A number of institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group grew its holdings in salesforce.com by 4.9% during the third quarter. Rehmann Capital Advisory Group now owns 2,354 shares of the CRM provider’s stock worth $374,000 after acquiring an additional 111 shares during the period. Marshall Wace North America L.P. grew its holdings in salesforce.com by 379.2% during the third quarter. Marshall Wace North America L.P. now owns 195,549 shares of the CRM provider’s stock worth $31,098,000 after acquiring an additional 154,745 shares during the period. Marshall Wace LLP grew its holdings in salesforce.com by 163.3% during the third quarter. Marshall Wace LLP now owns 66,643 shares of the CRM provider’s stock worth $10,598,000 after acquiring an additional 41,336 shares during the period. Great Lakes Advisors LLC grew its holdings in salesforce.com by 153.8% during the third quarter. Great Lakes Advisors LLC now owns 9,601 shares of the CRM provider’s stock worth $1,527,000 after acquiring an additional 5,818 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in salesforce.com during the third quarter worth about $837,000. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “salesforce.com, inc. (CRM) CEO Keith Block Sells 2,160 Shares” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/12/08/salesforce-com-inc-crm-ceo-keith-block-sells-2160-shares-3.html.

About salesforce.com

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.

Read More: Stock Selection – What is cash flow?

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply