Insider Selling: Salesforce.com Inc (CRM) Vice Chairman Sells $962,100.00 in Stock

Salesforce.com Inc (NYSE:CRM) Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $96.21, for a total value of $962,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The stock was 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 stock was 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.
  • On Thursday, September 14th, Keith Block sold 15,282 shares of Salesforce.com stock. The stock was sold at an average price of $95.99, for a total value of $1,466,919.18.

Salesforce.com Inc (NYSE CRM) opened at 96.74 on Friday. The firm has a 50-day moving average price of $95.11 and a 200 day moving average price of $89.67. The firm’s market capitalization is $69.53 billion. Salesforce.com Inc has a one year low of $66.43 and a one year high of $98.22.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities research analysts anticipate that Salesforce.com Inc will post $1.32 earnings per share for the current year.

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Several research firms have recently commented on CRM. Northland Securities set a $105.00 price target on Salesforce.com and gave the stock a “buy” rating in a research report on Saturday, June 24th. Vetr upgraded Salesforce.com from a “strong sell” rating to a “sell” rating and set a $90.51 price target for the company in a research report on Friday. Robert W. Baird restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and set a $111.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Finally, UBS AG restated a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $102.60.

Large investors have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in shares of Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock valued at $1,927,000 after acquiring an additional 2,144 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Salesforce.com by 142.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after acquiring an additional 73,271 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA lifted its position in shares of Salesforce.com by 15.6% in the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after acquiring an additional 8,181 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Salesforce.com by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after acquiring an additional 12,516 shares in the last quarter. Finally, Summit Global Investments lifted its position in shares of Salesforce.com by 85.3% in the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after acquiring an additional 10,768 shares in the last quarter. Institutional investors and hedge funds own 86.06% 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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