Insider Selling: salesforce.com, inc. (NYSE:CRM) Vice Chairman Sells 10,000 Shares of Stock

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salesforce.com, inc. (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $129.37, for a total transaction of $1,293,700.00. Following the completion of the sale, the insider now owns 30,647 shares in the company, valued at $3,964,802.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, June 19th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $138.30, for a total value of $1,383,000.00.
  • On Thursday, June 14th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $138.31, for a total value of $1,383,100.00.
  • On Tuesday, June 12th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $135.43, for a total value of $1,354,300.00.
  • On Thursday, June 7th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $135.30, for a total value of $1,353,000.00.
  • On Tuesday, May 29th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $127.14, for a total value of $1,271,400.00.
  • On Thursday, May 24th, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $128.33, for a total value of $1,283,300.00.
  • On Tuesday, May 22nd, Keith Block sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $126.56, for a total value of $1,265,600.00.
  • On Tuesday, May 15th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $126.82, for a total value of $1,268,200.00.
  • On Tuesday, May 8th, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $126.80, for a total value of $1,268,000.00.
  • On Thursday, May 3rd, Keith Block sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $122.93, for a total value of $1,229,300.00.

Shares of salesforce.com opened at $135.01 on Friday, according to Marketbeat.com. salesforce.com, inc. has a twelve month low of $85.12 and a twelve month high of $142.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $101.19 billion, a PE ratio of 300.02, a PEG ratio of 5.51 and a beta of 1.26.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.28. salesforce.com had a return on equity of 7.25% and a net margin of 4.33%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. equities analysts forecast that salesforce.com, inc. will post 1 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in salesforce.com by 196.4% during the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after purchasing an additional 762 shares during the period. Harvest Fund Management Co. Ltd boosted its position in salesforce.com by 64.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock valued at $121,000 after purchasing an additional 409 shares during the period. First Mercantile Trust Co. acquired a new position in salesforce.com during the 4th quarter valued at approximately $123,000. TLP Group LLC boosted its position in salesforce.com by 353.9% during the 1st quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock valued at $128,000 after purchasing an additional 860 shares during the period. Finally, Icon Wealth Partners LLC acquired a new position in salesforce.com during the 4th quarter valued at approximately $131,000. Institutional investors and hedge funds own 84.15% of the company’s stock.

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their price target on salesforce.com from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, May 30th. UBS Group set a $144.00 price objective on salesforce.com and gave the company a “buy” rating in a research note on Wednesday, May 30th. Stifel Nicolaus increased their price objective on salesforce.com from $142.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective (up previously from $140.00) on shares of salesforce.com in a research note on Wednesday, May 30th. Finally, Royal Bank of Canada raised their price target on salesforce.com to $146.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Six analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $133.75.

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.

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

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