Salesforce.com Inc. (NYSE:CRM) COO Keith Block sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $81.70, for a total transaction of $817,000.00. Following the completion of the sale, the chief operating officer now owns 10,000 shares of the company’s stock, valued at $817,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Keith Block also recently made the following trade(s):
On Tuesday, July 12th, Keith Block sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.57, for a total transaction of $815,700.00.
On Friday, July 8th, Keith Block sold 40,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.00, for a total transaction of $3,240,000.00.
An institutional investor recently raised its position in Salesforce.com stock. Creative Planning boosted its position in Salesforce.com Inc. (NYSE:CRM) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,516 shares of the CRM provider’s stock after buying an additional 2,405 shares during the period. Creative Planning’s holdings in Salesforce.com were worth $2,236,000 at the end of the most recent reporting period.
A number of brokerages have weighed in on CRM. Citigroup Inc. reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Wednesday, June 1st. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Tuesday, May 31st. BTIG Research reaffirmed a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Wednesday, June 1st. Vetr raised shares of Salesforce.com from a “strong sell” rating to a “hold” rating and set a $82.92 price target for the company in a research report on Wednesday, June 1st. Finally, Jefferies Group reissued a “hold” rating and set a $80.00 price target on shares of Salesforce.com in a research report on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Salesforce.com has an average rating of “Buy” and an average price target of $92.53.
Shares of Salesforce.com Inc. (NYSE:CRM) traded up 0.28% during mid-day trading on Thursday, reaching $81.56. 1,791,715 shares of the company were exchanged. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The stock’s market capitalization is $55.26 billion. The stock has a 50 day moving average price of $81.18 and a 200-day moving average price of $74.36.
Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 18th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm earned $1.92 million during the quarter, compared to analysts’ expectations of $1.89 billion. The firm’s revenue was down 99.9% compared to the same quarter last year. Analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current year.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.