Insider Selling: Salesforce.com Inc (CRM) Insider Sells 20,000 Shares of Stock

Salesforce.com Inc (NYSE:CRM) insider Keith Block sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $89.64, for a total transaction of $1,792,800.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $896,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, June 6th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $91.32, for a total transaction of $913,200.00.
  • On Thursday, May 11th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $86.80, for a total transaction of $868,000.00.
  • On Tuesday, May 9th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $87.18, for a total transaction of $871,800.00.
  • On Tuesday, May 2nd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $86.54, for a total transaction of $865,400.00.
  • On Thursday, April 27th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $85.64, for a total transaction of $856,400.00.
  • On Tuesday, April 18th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $84.21, for a total transaction of $842,100.00.
  • On Thursday, April 13th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $83.34, for a total transaction of $833,400.00.
  • On Tuesday, April 11th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $83.74, for a total transaction of $837,400.00.
  • On Thursday, March 30th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00.
  • On Tuesday, March 28th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.68, for a total transaction of $816,800.00.

Shares of Salesforce.com Inc (CRM) traded down 0.31% during mid-day trading on Friday, hitting $86.00. 8,004,954 shares of the stock traded hands. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $91.99. The stock has a market cap of $61.25 billion, a P/E ratio of 455.03 and a beta of 1.24. The firm’s 50 day moving average price is $88.47 and its 200-day moving average price is $81.01.

Salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. Salesforce.com’s revenue was up 24.6% compared to the same quarter last year. Analysts predict that Salesforce.com Inc will post $1.30 earnings per share for the current year.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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Several institutional investors have recently bought and sold shares of the stock. JNBA Financial Advisors raised its position in Salesforce.com by 9.3% in the fourth quarter. JNBA Financial Advisors now owns 1,828 shares of the CRM provider’s stock valued at $125,000 after buying an additional 155 shares during the period. First Personal Financial Services boosted its position in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares during the last quarter. Hemenway Trust Co LLC purchased a new position in shares of Salesforce.com during the fourth quarter valued at approximately $137,000. Finally, Harfst & Associates Inc. purchased a new position in shares of Salesforce.com during the first quarter valued at approximately $141,000. Institutional investors own 85.67% of the company’s stock.

A number of research analysts have weighed in on CRM shares. Drexel Hamilton reiterated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Wednesday, March 1st. Stifel Nicolaus upped their price objective on shares of Salesforce.com from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Wunderlich restated a “buy” rating and set a $101.00 price target on shares of Salesforce.com in a research report on Monday, February 27th. Deutsche Bank AG restated a “buy” rating and set a $90.00 price target on shares of Salesforce.com in a research report on Wednesday, February 22nd. Finally, Canaccord Genuity restated a “buy” rating and set a $95.00 price target on shares of Salesforce.com in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $96.78.

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.

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