salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of salesforce.com stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $114.18, for a total transaction of $246,628.80. Following the completion of the sale, the chief executive officer now owns 23,836 shares of the company’s stock, valued at $2,721,594.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, November 15th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $128.71, for a total transaction of $278,013.60.
  • On Tuesday, November 13th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $131.48, for a total transaction of $283,996.80.
  • On Thursday, November 8th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $142.61, for a total transaction of $308,037.60.
  • On Tuesday, November 6th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $135.48, for a total transaction of $292,636.80.
  • On Thursday, October 25th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $134.11, for a total transaction of $289,677.60.
  • On Tuesday, October 23rd, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $139.50, for a total transaction of $301,320.00.
  • On Thursday, October 18th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $146.03, for a total transaction of $315,424.80.
  • On Tuesday, October 16th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $145.37, for a total transaction of $313,999.20.
  • On Thursday, October 11th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $137.60, for a total transaction of $297,216.00.
  • On Tuesday, October 9th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $148.05, for a total transaction of $319,788.00.

CRM opened at $125.05 on Wednesday. The company has a market capitalization of $91.57 billion, a price-to-earnings ratio of 271.99, a PEG ratio of 3.98 and a beta of 1.38. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The company’s revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities research analysts anticipate that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Polaris Greystone Financial Group LLC purchased a new position in shares of salesforce.com in the third quarter worth $220,000. Victory Capital Management Inc. lifted its holdings in shares of salesforce.com by 10.3% in the third quarter. Victory Capital Management Inc. now owns 210,327 shares of the CRM provider’s stock worth $33,449,000 after buying an additional 19,562 shares in the last quarter. One Capital Management LLC purchased a new position in shares of salesforce.com in the third quarter worth $212,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of salesforce.com by 4.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 142,379 shares of the CRM provider’s stock worth $19,420,000 after buying an additional 5,892 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in shares of salesforce.com in the second quarter worth $284,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

A number of analysts have recently commented on the stock. Cowen lifted their price target on shares of salesforce.com from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, September 27th. Credit Suisse Group set a $175.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research note on Thursday, September 27th. Deutsche Bank lifted their price target on shares of salesforce.com from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Piper Jaffray Companies boosted their target price on shares of salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, September 28th. Finally, Robert W. Baird boosted their target price on shares of salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $165.64.

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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.

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