November 24, 2016 - By Hazel Jackson
Salesforce Com Inc’s Pres. & Chief Product Officer, Alexandre Dayon, sold 2,628 shares of stock in the public company. The average per share price was $74.1, for total deal worth of $194,798 USD. This is not his first insider trade, in the last month, he sold another 33,408 shares worth $2,604,718 USD. This stock deal occurred on November 23, 2016 and was submitted with the U.S. SEC. The public filing is accessible for free here. Presently, Alexandre Dayon has a total of 17,607 shares or 0.00% of the Company’s market cap.
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. Macquarie Research initiated salesforce.com, inc. (NYSE:CRM) on Tuesday, April 26 with “Outperform” rating. The rating was maintained by Jefferies on Thursday, February 25 with “Hold”. On Thursday, September 1 the stock rating was maintained by Wunderlich with “Buy”. Stifel Nicolaus maintained the shares of CRM in a report on Thursday, November 19 with “Buy” rating. Pacific Crest maintained salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, August 25 by Roth Capital. The stock has “Outperform” rating given by FBN Securities on Thursday, May 19. BNP Paribas upgraded the shares of CRM in a report on Thursday, August 27 to “Neutral” rating. The stock of salesforce.com, inc. (NYSE:CRM) has “Overweight” rating given on Friday, April 1 by Piper Jaffray. The firm earned “Buy” rating on Thursday, November 19 by Needham.
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.
Sumitomo Mitsui Asset Mngmt last reported 216,079 shares in the company. Alliancebernstein L P has 1.83 million shares for 0.13% of their US portfolio. Andra Ap accumulated 32,700 shares or 0.07% of the stock. Columbia Ptnrs L L C Inv, a Maryland-based fund reported 90,018 shares. First Personal has 0.01% invested in the company for 302 shares. Herndon Cap Ltd Limited Liability Company holds 59 shares or 0% of its portfolio. Bank Of Montreal Can last reported 397,836 shares in the company. Gideon Capital Advsrs Incorporated reported 13,997 shares or 0.65% of all its holdings. Counsel Port Service Inc, a Ontario – Canada-based fund reported 87,714 shares. Juncture Wealth Strategies Ltd Llc holds 0.63% or 11,087 shares in its portfolio. Impact Ltd accumulated 0.7% or 18,871 shares. Baillie Gifford Com has invested 0.99% of its portfolio in salesforce.com, inc. (NYSE:CRM). Vanguard holds 0.19% or 39.43M shares in its portfolio. Avalon Global Asset Management Ltd Liability Corp accumulated 1.83% or 40,000 shares. Blackrock Fund Advsrs holds 8.49M shares or 0.15% of its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 3 insider buys, and 159 insider sales for $155.15 million net activity. The insider Benioff Marc sold $2.00 million. 5,000 shares were sold by Harris Parker, worth $362,260 on Tuesday, October 11. Another trade for 1,038 shares valued at $82,957 was made by Weaver Amy E on Thursday, August 25. On Thursday, July 21 the insider BLOCK KEITH sold $826,820. Roos John Victor also sold $12,701 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, July 12. TOMLINSON LAWRENCE sold $127,056 worth of stock. The insider Robbins Cynthia G. sold $50,993.
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 $41.48 million 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: Allanson Joe” with publication date: November 24, 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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