salesforce.com, inc. (NYSE:CRM) CEO Keith Block sold 2,500 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $156.70, for a total value of $391,750.00. Following the transaction, the chief executive officer now owns 30,002 shares of the company’s stock, valued at approximately $4,701,313.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, May 15th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was sold at an average price of $153.00, for a total value of $382,500.00.
  • On Wednesday, May 8th, Keith Block sold 2,500 shares of salesforce.com stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $163.25, for a total value of $816,250.00.

NYSE:CRM traded up $1.86 during mid-day trading on Wednesday, hitting $157.64. The stock had a trading volume of 2,948,152 shares, compared to its average volume of 5,144,550. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The company has a market capitalization of $119.14 billion, a P/E ratio of 108.72, a price-to-earnings-growth ratio of 5.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the business posted $0.35 EPS. As a group, equities analysts forecast that salesforce.com, inc. will post 1.18 earnings per share for the current year.

A number of equities analysts have issued reports on the company. Bank of America reiterated a “buy” rating and set a $200.00 target price (up previously from $181.00) on shares of salesforce.com in a report on Wednesday, February 27th. Mizuho initiated coverage on salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price objective for the company. JPMorgan Chase & Co. restated a “buy” rating and issued a $180.00 price objective on shares of salesforce.com in a report on Wednesday, April 17th. Macquarie raised their price objective on salesforce.com from $174.00 to $188.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Co raised their price objective on salesforce.com from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $177.82.

A number of large investors have recently modified their holdings of CRM. Avondale Wealth Management lifted its position in salesforce.com by 100.0% during the first quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Citizens Financial Group Inc RI acquired a new stake in salesforce.com during the first quarter worth approximately $27,000. Arcadia Investment Management Corp MI lifted its position in salesforce.com by 63.0% during the first 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 during the last quarter. CX Institutional lifted its position in salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Finally, Brand Asset Management Group Inc. acquired a new stake in salesforce.com during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

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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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