Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $98.10, for a total value of $981,000.00. Following the sale, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,369,507.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.66, for a total value of $966,600.00.
  • On Tuesday, October 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.32, for a total value of $963,200.00.
  • On Thursday, October 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.00, for a total value of $960,000.00.
  • On Tuesday, October 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.21, for a total value of $962,100.00.
  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were 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 shares were 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.

Salesforce.com Inc (CRM) traded up 0.22% on Tuesday, hitting $98.66. The stock had a trading volume of 3,651,396 shares. The stock’s market cap is $70.91 billion. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $99.44. The firm’s 50 day moving average price is $95.75 and its 200-day moving average price is $90.61.

Salesforce.com (NYSE:CRM) last released 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 business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts forecast that Salesforce.com Inc will post $1.32 EPS for the current year.

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CRM has been the topic of a number of recent research reports. J P Morgan Chase & Co reissued a “buy” rating and set a $95.00 price target on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and set a $111.00 price target on shares of Salesforce.com in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. assumed coverage on Salesforce.com in a research note on Monday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Vetr lowered Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective on the stock. in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price objective (down from $95.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $102.75.

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Thompson Davis & CO. Inc. lifted its stake in shares of Salesforce.com by 0.6% during the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after buying an additional 18 shares during the period. First Personal Financial Services raised its stake in Salesforce.com by 1.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the period. Appropriate Balance Financial Services Inc. raised its stake in Salesforce.com by 6.9% during the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after purchasing an additional 33 shares during the period. Boston Private Wealth LLC raised its stake in Salesforce.com by 0.3% during the second quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares during the period. Finally, King Luther Capital Management Corp raised its stake in Salesforce.com by 1.3% during the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock worth $267,000 after purchasing an additional 43 shares during the period. Institutional investors own 86.12% 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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