Salesforce.com Inc (NYSE:CRM) COO Keith Block sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $106.14, for a total value of $1,061,400.00. Following the transaction, the chief operating officer now directly owns 28,235 shares in the company, valued at $2,996,862.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • 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 Tuesday, November 21st, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $108.30, for a total value of $1,083,000.00.
  • 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 shares were 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 shares were sold at an average price of $98.10, for a total value of $981,000.00.

Shares of Salesforce.com Inc (CRM) opened at $106.46 on Wednesday. The stock has a market capitalization of $76,900.00, a P/E ratio of 334.84, a price-to-earnings-growth ratio of 10.20 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. Salesforce.com Inc has a fifty-two week low of $66.43 and a fifty-two week high of $109.19.

Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts forecast that Salesforce.com Inc will post 0.42 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Capital Analysts LLC grew its holdings in shares of Salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC grew its holdings in shares of 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 worth $121,000 after purchasing an additional 1,350 shares in the last quarter. People s United Financial Inc. grew its holdings in shares of 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 worth $127,000 after purchasing an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Salesforce.com during the 2nd quarter worth approximately $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of 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 worth $131,000 after purchasing an additional 940 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, August 21st. Credit Suisse Group assumed coverage on Salesforce.com in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price target for the company. Wells Fargo & Company reiterated a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research report on Thursday, August 24th. BNP Paribas reiterated a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research report on Friday, August 25th. Finally, JMP Securities reiterated a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-five have given a buy rating to the company. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $112.41.

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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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