salesforce.com, inc. (CRM) CEO Sells $382,500.00 in Stock

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salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $153.00, for a total value of $382,500.00. Following the sale, the chief executive officer now owns 30,002 shares of the company’s stock, valued at $4,590,306. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, May 8th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $156.91, for a total value of $392,275.00.
  • On Wednesday, May 1st, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $166.01, for a total value of $415,025.00.
  • On Wednesday, April 24th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $162.00, for a total value of $405,000.00.
  • On Wednesday, April 17th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $159.05, for a total value of $397,625.00.
  • On Wednesday, April 10th, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $158.44, for a total value of $396,100.00.
  • On Wednesday, April 3rd, Keith Block sold 2,500 shares of salesforce.com stock. The shares were sold at an average price of $161.41, for a total value of $403,525.00.
  • On Wednesday, March 27th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.26, for a total value of $791,300.00.
  • On Monday, March 25th, Keith Block sold 3,470 shares of salesforce.com stock. The shares were sold at an average price of $159.60, for a total value of $553,812.00.
  • On Wednesday, March 20th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $163.25, for a total value of $816,250.00.
  • On Wednesday, March 13th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.53, for a total value of $797,650.00.

NYSE CRM traded up $0.41 during trading hours on Thursday, reaching $158.48. The company’s stock had a trading volume of 4,467,154 shares, compared to its average volume of 5,174,876. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The stock has a market cap of $118.04 billion, a PE ratio of 109.30, a P/E/G ratio of 5.65 and a beta of 1.37.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

A number of research firms have issued reports on CRM. Bank of America restated a “buy” rating and set a $200.00 price target (up from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Mizuho began coverage on salesforce.com in a research note on Wednesday, March 13th. They set a “buy” rating and a $185.00 price target for the company. JPMorgan Chase & Co. restated a “buy” rating and set a $180.00 price target on shares of salesforce.com in a research note on Wednesday, April 17th. Wells Fargo & Co boosted their price target on salesforce.com from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Wedbush lifted their price objective on salesforce.com from $174.00 to $192.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $177.82.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bremer Trust National Association raised its holdings in shares of salesforce.com by 0.4% during the 4th quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock worth $2,455,000 after acquiring an additional 66 shares in the last quarter. Highland Private Wealth Management raised its holdings in shares of salesforce.com by 3.3% during the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock worth $291,000 after acquiring an additional 68 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of salesforce.com by 45.3% during the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock worth $35,000 after acquiring an additional 68 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 68 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its holdings in shares of salesforce.com by 2.5% during the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock worth $388,000 after acquiring an additional 70 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors.

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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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