salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $159.05, for a total transaction of $397,625.00. Following the completion of the sale, the chief executive officer now directly owns 30,002 shares of the company’s stock, valued at approximately $4,771,818.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $797,650.00.
  • On Wednesday, March 6th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.00, for a total transaction of $785,000.00.
  • On Wednesday, February 27th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.67, for a total transaction of $813,350.00.
  • On Monday, February 25th, Keith Block sold 684 shares of salesforce.com stock. The shares were sold at an average price of $162.13, for a total transaction of $110,896.92.
  • On Wednesday, February 20th, Keith Block sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $160.36, for a total transaction of $801,800.00.

Shares of CRM stock opened at $155.99 on Friday. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $166.99. The firm has a market capitalization of $120.23 billion, a PE ratio of 107.58, a PEG ratio of 5.34 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts expect that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in CRM. Oregon Public Employees Retirement Fund grew its holdings in shares of salesforce.com by 29,364.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after buying an additional 21,642,889 shares during the period. Norges Bank acquired a new position in shares of salesforce.com in the 4th quarter valued at $938,778,000. Lunia Capital LP acquired a new position in shares of salesforce.com in the 4th quarter valued at $5,811,000. BlackRock Inc. grew its holdings in shares of salesforce.com by 9.2% in the 4th quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after buying an additional 4,321,630 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of salesforce.com by 18.3% in the 4th quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after buying an additional 3,041,293 shares during the period. 83.02% of the stock is owned by institutional investors.

CRM has been the subject of a number of research reports. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Nomura set a $184.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Tuesday, March 5th. Societe Generale set a $186.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Tuesday, March 5th. SunTrust Banks raised their price target on shares of salesforce.com to $183.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $175.00 price target on shares of salesforce.com in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $177.82.

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salesforce.com Company Profile

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

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