Salesforce.com Inc (CRM) COO Sells $1,015,700.00 in Stock

Salesforce.com Inc (NYSE:CRM) COO Keith Block sold 10,000 shares of Salesforce.com stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $101.57, for a total transaction of $1,015,700.00. Following the completion of the transaction, the chief operating officer now owns 24,154 shares in the company, valued at approximately $2,453,321.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, November 2nd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $102.17, for a total transaction of $1,021,700.00.
  • On Thursday, October 26th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $100.11, for a total transaction of $1,001,100.00.
  • On Tuesday, October 24th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $98.10, for a total transaction of $981,000.00.
  • On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.66, for a total transaction of $966,600.00.
  • On Tuesday, October 17th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.32, for a total transaction of $963,200.00.
  • On Thursday, October 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.00, for a total transaction of $960,000.00.
  • On Tuesday, October 10th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $96.21, for a total transaction of $962,100.00.
  • On Thursday, October 5th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $95.11, for a total transaction of $951,100.00.
  • On Tuesday, October 3rd, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00.
  • On Thursday, September 28th, Keith Block sold 7,641 shares of Salesforce.com stock. The shares were sold at an average price of $92.80, for a total transaction of $709,084.80.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.09 by $0.24. The firm had revenue of $2.56 billion for 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 business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.

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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Salesforce.com by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after buying an additional 2,268,623 shares during the period. Jennison Associates LLC raised its holdings in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after purchasing an additional 2,740,329 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Salesforce.com by 911.7% in the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock valued at $1,104,945,000 after purchasing an additional 11,498,509 shares during the last quarter. Janus Capital Management LLC raised its holdings in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after purchasing an additional 1,910,921 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock valued at $809,259,000 after purchasing an additional 592,409 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

A number of equities analysts have recently commented on the stock. Barclays PLC raised their target price on shares of Salesforce.com from $101.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup Inc. raised their target price on shares of Salesforce.com to $124.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Jaffray Companies reissued a “buy” rating and issued a $115.00 target price on shares of Salesforce.com in a research note on Wednesday. Vetr downgraded shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $90.51 target price on the stock. in a research note on Tuesday. Finally, Guggenheim assumed coverage on shares of Salesforce.com in a research note on Monday. They issued a “buy” rating and a $125.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.83.

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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