Salesforce.com Inc (NYSE:CRM) insider Keith Block sold 15,282 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $95.99, for a total transaction of $1,466,919.18. Following the transaction, the insider now owns 10,000 shares in the company, valued at $959,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, June 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $86.77, for a total transaction of $867,700.00.
  • On Tuesday, June 27th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $87.64, for a total transaction of $876,400.00.
  • On Tuesday, June 20th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $87.29, for a total transaction of $872,900.00.

Salesforce.com Inc (NYSE CRM) traded down 0.26% during mid-day trading on Thursday, hitting $95.36. 5,054,565 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $92.74 and a 200 day moving average of $87.94. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $98.22. The stock’s market capitalization is $68.54 billion.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities analysts forecast that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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Several research analysts have weighed in on CRM shares. Stephens restated an “overweight” rating and set a $107.00 target price (up from $100.00) on shares of Salesforce.com in a research report on Thursday, August 31st. Northland Securities restated a “buy” rating and set a $105.00 target price on shares of Salesforce.com in a research report on Sunday. 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. Zacks Investment Research lowered shares of Salesforce.com from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $102.00 price target on shares of Salesforce.com in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $102.28.

Institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its position in Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after buying an additional 18 shares in the last quarter. First Personal Financial Services lifted its position in Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after buying an additional 25 shares in the last quarter. Appropriate Balance Financial Services Inc. lifted its position in Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares in the last quarter. Intrust Bank NA lifted its position in Salesforce.com by 0.4% during the 1st quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock worth $731,000 after buying an additional 36 shares in the last quarter. Finally, Boston Private Wealth LLC lifted its position in Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after buying an additional 38 shares in the last quarter. 86.98% of the stock is currently owned by institutional investors and hedge funds.

About Salesforce.com

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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