November 24, 2016 - By Marie Mckinney
Burke Norton, an insider of Salesforce Com Inc, currently EVP and Chief Legal Officer a few days ago disclosed a considerable trade with the SEC. As discovered in the public report, Burke Norton purchased 1,971 shares of the corporation, priced at $74.1 per share. $146,098 USD was the trade’s value. The SEC filing’s date was 23-11-2016. It seems he is very active lately as in the last month, he silently unloaded additional 180,000 shares of the company, worth $13,347,347 USD. Being a significant deal, it will probably not go disregarded. Burke Norton presently possess 0.01% of the Company’s market cap with ownership of 75,656 shares.
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 stock has “Outperform” rating given by FBN Securities on Thursday, May 19. The rating was maintained by Deutsche Bank on Thursday, May 19 with “Buy”. The firm has “Hold” rating by Jefferies given on Thursday, February 25. The firm has “Buy” rating given on Wednesday, July 20 by Citigroup. The firm earned “Overweight” rating on Thursday, November 19 by Pacific Crest. The rating was initiated by BTIG Research on Thursday, September 10 with “Buy”. Wedbush maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, May 19. Wedbush has “Outperform” rating and $98 price target. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Canaccord Genuity on Thursday, September 3. The firm has “Sell” rating given on Thursday, August 27 by Jefferies. OTR Global upgraded salesforce.com, inc. (NYSE:CRM) on Tuesday, November 15 to “Positive” rating.
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.06, from 1.19 in 2016Q1. The ratio fall, 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.
Jefferies Group Limited Liability Corp has 0.02% invested in the company for 53,269 shares. Cibc Asset Mngmt has 61,512 shares for 0.04% of their US portfolio. Hhr Asset Lc, a New Jersey-based fund reported 1.02 million shares. Moreover, Rosenblum Silverman Sutton S F Inc Ca has 2.08% invested in salesforce.com, inc. (NYSE:CRM) for 54,493 shares. Sg Americas Securities Ltd Liability Com holds 0.02% or 37,739 shares in its portfolio. Moreover, Independent Consultants has 0.01% invested in salesforce.com, inc. (NYSE:CRM) for 300 shares. Pillar Pacific Capital Mngmt Ltd Liability Co last reported 70,236 shares in the company. Webster Commercial Bank N A last reported 27,547 shares in the company. Rs Inv Mgmt Lc accumulated 109,980 shares or 0.09% of the stock. Teacher Retirement Systems Of Texas has 371,450 shares for 0.2% of their US portfolio. Synovus Financial Corporation last reported 5,045 shares in the company. Rainier Inv Mgmt Lc holds 181,850 shares or 0.7% of its portfolio. Gradient Limited Liability has 0.04% invested in the company for 4,609 shares. State Board Of Administration Of Florida Retirement holds 0.24% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 963,760 shares. Winfield last reported 210 shares in the company.
Insider Transactions: Since May 25, 2016, the stock had 3 buys, and 159 sales for $155.15 million net activity. Benioff Marc had sold 12,500 shares worth $934,234. Harris Parker had sold 5,000 shares worth $393,501 on Tuesday, July 5. 2,158 shares were sold by Dayon Alexandre, worth $159,304. $12,390 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Roos John Victor. $816,993 worth of salesforce.com, inc. (NYSE:CRM) was sold by BLOCK KEITH on Thursday, July 14. Another trade for 992 shares valued at $79,286 was sold by Hawkins Mark J. Robbins Cynthia G. had sold 1,326 shares worth $105,974.
The stock decreased 2.14% or $1.62 during the last trading session, hitting $73.95. About 8.52M 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 earnings per share, 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 earnings per share reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
More important 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 published article titled: “CRM Stock: Expect a Muted Quarter from Salesforce.com, Inc.”, 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) was released by: Nasdaq.com and their article: “Salesforce.com Inc Q3 Earnings Advance 22%” with publication date: November 17, 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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