Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00. Following the completion of the sale, the insider now owns 24,154 shares of the company’s stock, valued at $2,280,137.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $92.80, for a total value of $709,084.80.
  • On Tuesday, September 26th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $93.18, for a total value of $711,988.38.
  • On Thursday, September 21st, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $94.39, for a total value of $721,233.99.
  • On Tuesday, September 19th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $95.85, for a total value of $732,389.85.
  • On Thursday, September 14th, Keith Block sold 15,282 shares of Salesforce.com stock. The shares were sold at an average price of $95.99, for a total value of $1,466,919.18.

Shares of Salesforce.com Inc (CRM) traded up 1.51% during mid-day trading on Tuesday, hitting $95.36. The stock had a trading volume of 4,996,792 shares. The stock’s market capitalization is $68.54 billion. The stock’s 50-day moving average price is $94.26 and its 200-day moving average price is $89.07. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $98.22.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) 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 company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue was up 25.7% compared to the same quarter last year. On average, equities analysts anticipate that Salesforce.com Inc will post $1.32 EPS for the current fiscal year.

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CRM has been the subject of a number of research analyst reports. Northland Securities set a $105.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Saturday, June 24th. Cowen and Company restated an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Salesforce.com in a report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. Drexel Hamilton reaffirmed a “buy” rating and set a $111.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-six have assigned a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus target price of $102.62.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Synovus Financial Corp increased its holdings in Salesforce.com by 10.7% during the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock worth $1,927,000 after purchasing an additional 2,144 shares in the last quarter. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Salesforce.com by 142.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after purchasing an additional 73,271 shares during the period. Rosenblum Silverman Sutton S F Inc. CA lifted its holdings in shares of Salesforce.com by 15.6% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after purchasing an additional 8,181 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Salesforce.com by 1.4% in the second quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after purchasing an additional 12,516 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Salesforce.com by 85.3% in the second quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after purchasing an additional 10,768 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

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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