Keith Block Sells 2,500 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $151.45, for a total transaction of $378,625.00. Following the sale, the chief executive officer now owns 31,017 shares in the company, valued at approximately $4,697,524.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Wednesday, June 5th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $157.98, for a total transaction of $394,950.00.
  • On Wednesday, May 22nd, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $156.70, for a total transaction of $391,750.00.
  • On Wednesday, May 15th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $153.00, for a total transaction of $382,500.00.
  • On Wednesday, May 8th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $156.91, for a total transaction of $392,275.00.
  • On Wednesday, May 1st, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $166.01, for a total transaction of $415,025.00.
  • On Wednesday, April 24th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $162.00, for a total transaction of $405,000.00.
  • On Wednesday, April 17th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $159.05, for a total transaction of $397,625.00.
  • On Wednesday, April 10th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $158.44, for a total transaction of $396,100.00.
  • On Wednesday, April 3rd, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $161.41, for a total transaction of $403,525.00.
  • On Wednesday, March 27th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.26, for a total transaction of $791,300.00.

CRM stock opened at $150.01 on Friday. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $116.41 billion, a P/E ratio of 103.46, a price-to-earnings-growth ratio of 5.40 and a beta of 1.39.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. salesforce.com’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Analysts predict that salesforce.com, inc. will post 1.21 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $175.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada set a $183.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. UBS Group set a $190.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and set a $169.00 price objective on shares of salesforce.com in a research report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $180.03.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC boosted its stake in salesforce.com by 17.5% during the fourth quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock worth $10,006,000 after buying an additional 10,864 shares during the period. Piedmont Investment Advisors Inc. boosted its stake in salesforce.com by 5.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after buying an additional 5,063 shares during the period. Heritage Investors Management Corp boosted its stake in salesforce.com by 10.0% during the first quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after buying an additional 3,143 shares during the period. Putnam FL Investment Management Co. boosted its stake in salesforce.com by 0.5% during the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after buying an additional 97 shares during the period. Finally, MML Investors Services LLC boosted its stake in salesforce.com by 65.9% during the fourth quarter. MML Investors Services LLC now owns 30,074 shares of the CRM provider’s stock worth $4,119,000 after buying an additional 11,941 shares during the period. 82.14% of the stock is owned by institutional investors.

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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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