Insider Heat: The Insider and Chief Accounting Officer of salesforce.com, inc. (NYSE:CRM), Joe Allanson, Sold 657 Shares

November 24, 2016 - By Michael Collier

Insider Heat: The Insider and Chief Accounting Officer of salesforce.com, inc. (NYSE:CRM), Joe Allanson, Sold 657 Shares

Joe Allanson Insider Sell

A few days ago, an important insider trading deal was made. Joe Allanson, the Chief Accounting Officer and an insider of Salesforce Com Inc sold exactly 657 shares of Salesforce Com Inc, worth nearly $48,700 USD, at $74.1 for share at the time of the deal. In the last 30 days, he also sold 14,867 shares that are worth approx $1,107,654 USD. The transaction will most probably not remain a secret as it was significant. Today, he possess a total of 29,930 shares or 0.00% of Salesforce Com Inc’s market capitalization (total value of the shares outstanding). This transaction, which was filled on 23/11/2016 was disclosed in a filing with the Security Exchange Commission.

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. William Blair maintained salesforce.com, inc. (NYSE:CRM) on Friday, September 4 with “Buy” rating. The stock of salesforce.com, inc. (NYSE:CRM) earned “Sell” rating by Jefferies on Thursday, September 17. Deutsche Bank maintained it with “Buy” rating and $95 target price in Thursday, May 19 report. William Blair maintained salesforce.com, inc. (NYSE:CRM) on Monday, August 24 with “Outperform” rating. On Tuesday, October 18 the stock rating was initiated by Rosenblatt with “Buy”. Pacific Crest maintained the stock with “Overweight” rating in Thursday, November 19 report. Jefferies maintained the shares of CRM in a report on Thursday, August 27 with “Sell” rating. Jefferies maintained it with “Hold” rating and $60 target price in Thursday, February 25 report. The firm has “Buy” rating by Wunderlich given on Thursday, September 1. Pivotal Research maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, November 19. Pivotal Research has “Buy” rating and $100 price target.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. 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.

Windward Cap Management Ca holds 4.13% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 268,276 shares. Agf Inc owns 1.08 million shares or 0.96% of their US portfolio. Tcw Gp accumulated 1.98% or 3.30 million shares. The Massachusetts-based Wade G W & has invested 0.07% in salesforce.com, inc. (NYSE:CRM). Orrstown Financial Incorporated, a Pennsylvania-based fund reported 16,685 shares. Moreover, Invesco Limited has 0.09% invested in salesforce.com, inc. (NYSE:CRM) for 3.13 million shares. Alliancebernstein Ltd Partnership holds 0.13% or 1.83 million shares in its portfolio. Blue Bell Private Wealth Lc has invested 0.04% of its portfolio in salesforce.com, inc. (NYSE:CRM). Whale Rock Cap Mngmt Ltd has invested 4.25% of its portfolio in salesforce.com, inc. (NYSE:CRM). Redwood Invs Lc owns 50,765 shares or 0.37% of their US portfolio. Moreover, Gerstein Fisher has 0.03% invested in salesforce.com, inc. (NYSE:CRM) for 2,912 shares. Hillhouse Mgmt owns 47,737 shares or 0.1% of their US portfolio. Moore Capital Mngmt Ltd Partnership holds 195,120 shares or 0.61% of its portfolio. Melvin Cap Mngmt Lp holds 1.78% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 700,000 shares. Tru Department Mb Bank & Trust N A accumulated 5,139 shares or 0.04% of the stock.

Insider Transactions: Since May 25, 2016, the stock had 3 insider purchases, and 159 insider sales for $155.15 million net activity. 5,000 shares were sold by Harris Parker, worth $376,282 on Tuesday, September 6. Weaver Amy E also sold $24,151 worth of salesforce.com, inc. (NYSE:CRM) shares. 1,600 shares were sold by TOMLINSON LAWRENCE, worth $125,600. Shares for $912,243 were sold by Benioff Marc on Tuesday, October 18. Allanson Joe also sold $14,431 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, May 26. On Monday, November 7 Wojcicki Susan bought $99,940 worth of the stock or 1,300 shares. The insider BLOCK KEITH sold $810,000.

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: Allanson Joe” 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>