Salesforce.com (CRM) Vice Chairman Sells $1,268,200.00 in Stock

Salesforce.com (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of Salesforce.com stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $126.82, for a total transaction of $1,268,200.00. Following the completion of the transaction, the insider now directly owns 29,618 shares of the company’s stock, valued at $3,756,154.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, May 8th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $126.80, for a total transaction of $1,268,000.00.
  • On Thursday, May 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.93, for a total transaction of $1,229,300.00.
  • On Tuesday, May 1st, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $120.76, for a total transaction of $1,207,600.00.
  • On Thursday, April 26th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $118.93, for a total transaction of $1,189,300.00.
  • On Tuesday, April 24th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $122.79, for a total transaction of $1,227,900.00.
  • On Thursday, April 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $123.69, for a total transaction of $1,236,900.00.
  • On Tuesday, April 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $121.11, for a total transaction of $1,211,100.00.
  • On Thursday, April 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $119.82, for a total transaction of $1,198,200.00.
  • On Tuesday, April 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $118.55, for a total transaction of $1,185,500.00.
  • On Thursday, March 29th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $113.31, for a total transaction of $1,133,100.00.

CRM stock opened at $126.05 on Friday. Salesforce.com has a 52-week low of $127.92 and a 52-week high of $128.74. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. The company has a market cap of $94.17 billion, a PE ratio of 286.16, a PEG ratio of 5.44 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was up 24.3% compared to the same quarter last year. equities research analysts anticipate that Salesforce.com will post 0.98 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. JMP Securities boosted their target price on shares of Salesforce.com from $126.00 to $140.00 and gave the company a “market outperform” rating in a research note on Tuesday, May 8th. Sanford C. Bernstein raised shares of Salesforce.com from an “underperform” rating to a “market perform” rating in a research note on Thursday, May 3rd. Robert W. Baird reissued a “buy” rating on shares of Salesforce.com in a research note on Thursday, March 1st. JPMorgan Chase boosted their target price on shares of Salesforce.com to $130.00 and gave the company an “overweight” rating in a research note on Thursday, March 1st. Finally, TheStreet raised shares of Salesforce.com from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Six investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $125.79.

A number of institutional investors have recently added to or reduced their stakes in CRM. Egerton Capital UK LLP acquired a new position in Salesforce.com in the 4th quarter valued at approximately $294,547,000. Arrowstreet Capital Limited Partnership increased its stake in Salesforce.com by 323.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock valued at $364,846,000 after buying an additional 2,725,972 shares during the period. Tybourne Capital Management HK Ltd. increased its stake in Salesforce.com by 27.8% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after buying an additional 945,000 shares during the period. Swedbank acquired a new position in Salesforce.com in the 1st quarter valued at approximately $106,630,000. Finally, Assenagon Asset Management S.A. acquired a new position in Salesforce.com in the 4th quarter valued at approximately $83,414,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.

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

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