November 23, 2016 - By Clifton Ray
As revealed in a public document that’s filled with the U.S. Security & Exchange Commission on 22/11/2016, Marc Benioff an insider in Salesforce Com Inc and currently Chairman of the Board and CEO, unloaded shares worth $946,715 US Dollars in the corporation. He sold 12,500 shares, at average $75.7 per share. In the last 30 days, he also unloaded 287,500 shares worth total $21,551,795 USD. The odds that the deal stays hidden is nil owing to the substantial amount of money involved. At present, Marc Benioff owns 34.62 million shares which make up about 5.05% of the Company’s market capitalization.
Out of 43 analysts covering Salesforce.com (NYSE:CRM), 39 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 91% are positive. $115 is the highest target while $18 is the lowest. The $91.11 average target is 20.56% above today’s ($75.57) stock price. Salesforce.com has been the topic of 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. On Friday, November 18 the stock rating was maintained by Wedbush with “Outperform”. TheStreet upgraded salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 to “Hold” rating. As per Tuesday, November 10, the company rating was maintained by Barclays Capital. On Saturday, August 22 the stock rating was maintained by Pacific Crest with “Overweight”. Wedbush upgraded the shares of CRM in a report on Friday, December 18 to “Outperform” rating. The firm has “Neutral” rating given on Thursday, August 27 by BNP Paribas. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by UBS on Thursday, November 19. RBC Capital Markets maintained the shares of CRM in a report on Monday, November 16 with “Outperform” rating. Citigroup maintained the shares of CRM in a report on Thursday, May 19 with “Buy” rating. FBN Securities maintained the shares of CRM in a report on Thursday, May 19 with “Outperform” rating.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio dropped, as 50 funds sold all salesforce.com, inc. shares owned while 245 reduced positions. 76 funds bought stakes while 276 increased positions. They now own 582.56 million shares or 1.03% less from 588.62 million shares in 2016Q1.
The California-based Intersect Capital Ltd Liability Company has invested 0.35% in salesforce.com, inc. (NYSE:CRM). Fukoku Mutual Life Insur, a Japan-based fund reported 3,400 shares. Ao Asset Mgmt Ltd Company has 339,500 shares for 7.06% of their US portfolio. The New York-based Millennium Management Limited Liability Corporation has invested 0.34% in salesforce.com, inc. (NYSE:CRM). Creative Planning has 31,136 shares for 0.02% of their US portfolio. Envestnet Asset Inc has 177,901 shares for 0.06% of their US portfolio. Suntrust Banks owns 66,071 shares or 0.03% of their US portfolio. First Midwest Savings Bank Division holds 0.03% or 2,867 shares in its portfolio. Bingham Osborn And Scarborough Limited Com holds 0.17% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 18,510 shares. Dana Investment Advsrs accumulated 0.01% or 2,908 shares. Ledyard Financial Bank accumulated 0.02% or 1,087 shares. Moreover, Westpac has 0% invested in salesforce.com, inc. (NYSE:CRM) for 104,453 shares. Commonwealth Retail Bank Of, a Australia-based fund reported 1,755 shares. Natl Insur Communications Tx owns 63,314 shares or 0.29% of their US portfolio. Moreover, Tokio Marine Asset Mgmt Co has 0.16% invested in salesforce.com, inc. (NYSE:CRM) for 19,055 shares.
Insider Transactions: Since May 24, 2016, the stock had 3 insider buys, and 158 selling transactions for $154.20 million net activity. Benioff Marc sold $1.89M worth of stock. $31,732 worth of salesforce.com, inc. (NYSE:CRM) was sold by Conway Craig on Monday, August 15. 155 shares were sold by Roos John Victor, worth $12,952 on Tuesday, May 31. $705,450 worth of salesforce.com, inc. (NYSE:CRM) was sold by Hawkins Mark J on Tuesday, July 26. $38,370 worth of shares were sold by Robbins Cynthia G. on Thursday, May 26. 10,000 shares were sold by BLOCK KEITH, worth $824,677. Harris Parker also sold $393,501 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, July 5.
The stock decreased 0.76% or $0.58 during the last trading session, hitting $75.57. About 7.87 million shares traded hands or 0.90% up from the average. salesforce.com, inc. (NYSE:CRM) has declined 2.05% since April 21, 2016 and is downtrending. It has underperformed by 7.38% the S&P500.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management . The company has a market cap of $50.69 billion. 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. It has a 256.86 P/E ratio. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices.
According to Zacks Investment Research, “Salesforce.com is the market and technology leader in on-demand business services. The company’s Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world’s first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com’s AppExchange directory. Customers can also take advantage of Successforce, salesforce.com’s world-class training, support, consulting and best practices offerings.”
More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Investorplace.com which released: “In Salesforce.com, Inc. (CRM) Stock, Bet Long With a Proven Winner” on November 21, 2016, also Investorplace.com with their article: “Salesforce.com, Inc. (CRM) Stock Cruises on Yet Another Beat” published on November 18, 2016, Marketwatch.com published: “Salesforce earnings: A waiting period before a fourth-quarter turnaround” on November 15, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Nasdaq.com and their article: “Salesforce.com Inc Q3 Earnings Advance 22%” published on November 17, 2016 as well as Profitconfidential.com‘s news article titled: “Salesforce.com, Inc.: This is Why the Bears Control CRM Stock” with publication date: October 28, 2016.
salesforce.com, inc., incorporated on February 3, 1999, is a well-known 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. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices. It sells to businesses of all sizes and in a range of industries across the world on a subscription basis, primarily through its direct sales and also indirectly through partners.
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By Clifton Ray