salesforce.com, inc. (CRM) CEO Sells $308,296.80 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,160 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $142.73, for a total value of $308,296.80. Following the sale, the chief executive officer now directly owns 24,865 shares of the company’s stock, valued at approximately $3,548,981.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, December 6th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $133.60, for a total value of $288,576.00.
  • On Thursday, November 29th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $140.28, for a total value of $303,004.80.
  • On Tuesday, November 27th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $125.15, for a total value of $270,324.00.
  • On Friday, November 23rd, Keith Block sold 1,038 shares of salesforce.com stock. The stock was sold at an average price of $122.60, for a total value of $127,258.80.
  • On Tuesday, November 20th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $114.18, for a total value of $246,628.80.
  • On Thursday, November 15th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $128.71, for a total value of $278,013.60.
  • On Tuesday, November 13th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $131.48, for a total value of $283,996.80.
  • On Thursday, November 8th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $142.61, for a total value of $308,037.60.
  • On Tuesday, November 6th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $135.48, for a total value of $292,636.80.
  • On Thursday, October 25th, Keith Block sold 2,160 shares of salesforce.com stock. The stock was sold at an average price of $134.11, for a total value of $289,677.60.

Shares of NYSE CRM opened at $142.06 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $106.52 billion, a P/E ratio of 315.69, a PEG ratio of 4.23 and a beta of 1.42. salesforce.com, inc. has a one year low of $101.32 and a one year high of $161.19.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. salesforce.com’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts anticipate that salesforce.com, inc. will post 1.32 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of salesforce.com by 3.5% in the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after purchasing an additional 3,066,099 shares in the last quarter. Vanguard Group Inc. raised its stake in salesforce.com by 4.6% during the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after acquiring an additional 2,398,648 shares in the last quarter. BlackRock Inc. raised its stake in salesforce.com by 5.1% during the third quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock worth $7,466,224,000 after acquiring an additional 2,292,873 shares in the last quarter. Morgan Stanley raised its stake in salesforce.com by 2.0% during the third quarter. Morgan Stanley now owns 14,792,319 shares of the CRM provider’s stock worth $2,352,421,000 after acquiring an additional 296,317 shares in the last quarter. Finally, Northern Trust Corp raised its stake in salesforce.com by 1.0% during the second quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock worth $1,353,597,000 after acquiring an additional 98,077 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

A number of brokerages have issued reports on CRM. Piper Jaffray Companies upped their target price on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Bank of America upped their target price on salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Nomura reaffirmed a “buy” rating on shares of salesforce.com in a research report on Wednesday. Zacks Investment Research raised salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a research report on Friday, November 30th. Finally, UBS Group upped their target price on salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Four investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $168.08.

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About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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