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 10th. The shares were sold at an average price of $96.21, for a total value of $962,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was sold at an average price of $95.11, for a total value of $951,100.00.
  • 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 value 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 value 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 value of $711,988.38.
  • On Thursday, September 21st, Keith Block sold 7,641 shares of Salesforce.com stock. The stock was 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 stock was 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 stock was sold at an average price of $95.99, for a total value of $1,466,919.18.

Shares of Salesforce.com Inc (NYSE:CRM) traded down 0.91% on Tuesday, reaching $95.39. The company’s stock had a trading volume of 2,029,189 shares. The firm’s 50 day moving average is $94.92 and its 200-day moving average is $89.58. The stock’s market cap is $68.56 billion. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $98.22.

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

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Several research analysts have weighed in on CRM shares. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $95.00 price target 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. SunTrust Banks, Inc. started coverage on Salesforce.com in a research report on Monday, June 26th. They set a “buy” rating and a $110.00 price target on the stock. Vetr lowered Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price target on the stock. in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price target (down previously from $95.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and forty-five have assigned a buy rating to the stock. Salesforce.com has an average rating of “Buy” and a consensus price target of $102.66.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Analysts LLC grew its position in shares of Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC grew its position in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after purchasing an additional 1,350 shares in the last quarter. People s United Financial Inc. grew its position in shares of Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after purchasing an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Salesforce.com in the second quarter valued at $130,000. Finally, Harfst & Associates Inc. purchased a new position in shares of Salesforce.com in the first quarter valued at $141,000. Institutional investors own 86.06% of the company’s stock.

Salesforce.com Company Profile

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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