Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of Salesforce.com stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $95.11, for a total transaction of $951,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, October 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $94.40, for a total transaction of $944,000.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $92.80, for a total transaction of $709,084.80.
  • On Tuesday, September 26th, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was sold at an average price of $93.18, for a total transaction 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 transaction 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 transaction 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 transaction of $1,466,919.18.

Salesforce.com Inc (CRM) traded up 0.22% during midday trading on Thursday, hitting $95.73. 3,956,342 shares of the stock traded hands. The company’s market cap is $68.80 billion. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $98.22. The firm’s 50-day moving average is $94.40 and its 200-day moving average is $89.12.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business’s revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Analysts predict that Salesforce.com Inc will post $1.32 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of CRM. Janus Henderson Group PLC boosted its stake in shares of Salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock valued at $1,104,945,000 after purchasing an additional 11,498,509 shares during the period. Jennison Associates LLC lifted its stake in Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after acquiring an additional 2,740,329 shares during the period. Vanguard Group Inc. lifted its stake in Salesforce.com by 5.2% in the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after acquiring an additional 2,268,623 shares during the period. Tybourne Capital Management HK Ltd. lifted its stake in Salesforce.com by 76.5% in the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock worth $410,323,000 after acquiring an additional 2,053,200 shares during the period. Finally, Janus Capital Management LLC lifted its stake in Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after acquiring an additional 1,910,921 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on CRM. 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. Robert W. Baird reissued a “buy” rating and set a $110.00 target price (up from $100.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and set a $111.00 target price on shares of Salesforce.com in a research report on Wednesday, August 23rd. UBS AG reissued a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research report on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-six have assigned a buy rating to the company. Salesforce.com presently has an average rating of “Buy” and an average price target of $102.62.

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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