Insider Filing Worth Mentioning: Why Maria Martinez Sold 986 Shares of salesforce.com, inc. (NYSE:CRM)?

November 24, 2016 - By Winifred Garcia

Insider Filing Worth Mentioning: Why Maria Martinez Sold 986 Shares of salesforce.com, inc. (NYSE:CRM)?

Maria Martinez Insider Sell

Maria Martinez, the Pres. – Sales & Cust. Success of Salesforce Com Inc, unloaded 986 shares of the company, with market value around $73,086 US Dollars, based on $74.1 per share. She also sold 986 shares with a total value of about $73,086 USD in the last 30 days. The transaction was unveiled in a SEC report on November 23, 2016. Today, Maria Martinez owns 31,520 shares which make up around 0.00% of the company’s market capitalization.

salesforce.com, inc. (NYSE:CRM) Ratings Coverage

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 23.20% above today’s ($73.95) stock price. Salesforce.com has been the topic of 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, September 1 with “Outperform”. The firm has “Buy” rating by Wunderlich given on Thursday, May 19. The company was maintained on Thursday, May 19 by FBN Securities. SunTrust maintained the shares of CRM in a report on Thursday, June 2 with “Buy” rating. The stock has “Buy” rating given by Canaccord Genuity on Thursday, May 19. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Bank of America on Saturday, August 22. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Thursday, May 19 by Macquarie Research. On Thursday, May 19 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of salesforce.com, inc. (NYSE:CRM) has “Overweight” rating given on Thursday, November 19 by Morgan Stanley. The firm earned “Outperform” rating on Friday, November 18 by BMO Capital Markets.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.06, from 1.19 in 2016Q1. The ratio dived, 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.

Independent Portfolio Consultants last reported 0.01% of its portfolio in the stock. Invest House Ltd Liability accumulated 0.6% or 46,855 shares. Barclays Public Limited Com holds 0.04% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 348,315 shares. Boothbay Fund Limited Company has 4,585 shares for 0.17% of their US portfolio. Bedrijfstakpensioenfonds Voor De Media Pno last reported 158,500 shares in the company. Guardian Life Of America last reported 0.01% of its portfolio in the stock. Sigma Planning holds 0.04% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 4,078 shares. Dai Ichi Life Insurance Ltd holds 154,983 shares or 0.37% of its portfolio. Johnson Fincl Grp holds 0.07% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 6,764 shares. Next Fincl Gru accumulated 0.04% or 1,715 shares. Lombard Odier Asset Management (Europe) Limited has invested 0.03% of its portfolio in salesforce.com, inc. (NYSE:CRM). Cadence Capital Limited Liability owns 6,290 shares or 0.04% of their US portfolio. Dsc Advsr L P last reported 0.14% of its portfolio in the stock. Profund Advisors Limited Liability holds 0.21% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 53,616 shares. Mckinley Management Ltd Liability Corp Delaware has 0.35% invested in the company for 91,732 shares.

Insider Transactions: Since May 25, 2016, the stock had 3 insider buys, and 159 selling transactions for $155.15 million net activity. $1.03 million worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Benioff Marc. Harris Parker had sold 5,000 shares worth $406,562 on Tuesday, August 9. Allanson Joe also sold $47,091 worth of salesforce.com, inc. (NYSE:CRM) shares. Another trade for 1,356 shares valued at $99,957 was bought by Wojcicki Susan. Roos John Victor had sold 155 shares worth $12,862. On Tuesday, July 12 BLOCK KEITH sold $815,705 worth of the stock or 10,000 shares. Shares for $50,131 were sold by Weaver Amy E.

The stock decreased 2.14% or $1.62 during the last trading session, hitting $73.95. About 8.52 million shares traded hands or 13.45% up from the average. salesforce.com, inc. (NYSE:CRM) has declined 3.31% since April 22, 2016 and is downtrending. It has underperformed by 8.72% 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 $51.13 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 251.35 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.”

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on February, 22. They expect $0.06 EPS, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $41.48M for 308.13 P/E if the $0.06 EPS becomes a reality. After $0.03 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “Salesforce.com, inc.: Somethings Not Right with CRM Stock” on November 23, 2016, also Profitconfidential.com with their article: “CRM Stock: Expect a Muted Quarter from Salesforce.com, Inc.” published on November 17, 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 Streetinsider.com‘s news article titled: “Form 4 SALESFORCE COM INC For: Nov 22 Filed by: Norton Burke F” with publication date: November 24, 2016.

CRM Company Profile

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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