Notable Insider Reporting: Is salesforce.com, inc. (NYSE:CRM) Stock a Sell after Parker Harris’s Insider Deal?

November 24, 2016 - By olga

Notable Insider Reporting: Is salesforce.com, inc. (NYSE:CRM) Stock a Sell after Parker Harris's Insider Deal?

Parker Harris Insider Sell

Salesforce Com Inc Co-Founder and an insider Parker Harris in the last few days sold 1,971 company shares worth $146,099 at the avg market share price which was $74.1. This deal decreased his ownership of Salesforce Com Inc to 0.31% market cap or 2.07 million shares. The trade was made public in a Form 4 filed with the Washington-based Security and Exchange Commission on 23/11/2016, which is available for access here.

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. Citigroup maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, July 20. Citigroup has “Buy” rating and $94 price target. Barclays Capital maintained the shares of CRM in a report on Thursday, November 19 with “Overweight” rating. The stock has “Overweight” rating given by Barclays Capital on Tuesday, November 10. As per Thursday, May 19, the company rating was maintained by Piper Jaffray. TH Capital maintained salesforce.com, inc. (NYSE:CRM) on Thursday, November 19 with “Buy” rating. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, May 19 by Brean Capital. Jefferies maintained the stock with “Sell” rating in Thursday, August 27 report. The stock of salesforce.com, inc. (NYSE:CRM) earned “Outperform” rating by Credit Suisse on Thursday, May 19. The firm has “Overweight” rating by Barclays Capital given on Thursday, September 1. On Thursday, November 19 the stock rating was maintained by Wunderlich with “Buy”.

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

Putnam Lc has 2.32M shares for 0.45% of their US portfolio. The New York-based Pdts Prns Ltd Llc has invested 0.54% in salesforce.com, inc. (NYSE:CRM). The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.05% in salesforce.com, inc. (NYSE:CRM). Kingfisher Capital Lc accumulated 25,338 shares or 0% of the stock. Axa last reported 0.29% of its portfolio in the stock. Commonwealth Fincl Bank Of Aus has 1,755 shares for 0% of their US portfolio. The France-based Bnp Paribas Investment Partners has invested 0.22% in salesforce.com, inc. (NYSE:CRM). Beech Hill Advsrs Incorporated holds 6,690 shares or 0.36% of its portfolio. Trust Department Mb Bancorporation N A holds 0.04% or 5,139 shares in its portfolio. Kessler Invest Grp Ltd Co has 0.64% invested in the company for 5,658 shares. Texas Permanent School Fund holds 0.22% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 206,621 shares. Rail has 165,158 shares for 3.15% of their US portfolio. Moreover, Commerzbank Aktiengesellschaft Fi has 0.04% invested in salesforce.com, inc. (NYSE:CRM) for 78,803 shares. Korea holds 522,354 shares or 0.25% of its portfolio. Amarillo Bancorp has invested 0.13% of its portfolio in salesforce.com, inc. (NYSE:CRM).

Insider Transactions: Since May 25, 2016, the stock had 3 insider buys, and 159 insider sales for $155.15 million net activity. $3.06M worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Benioff Marc. Harris Parker had sold 3,000 shares worth $218,986. On Monday, September 19 the insider Wojcicki Susan bought $99,957. Dayon Alexandre sold $119,615 worth of stock. The insider BLOCK KEITH sold $820,994. On Friday, July 1 the insider Weaver Amy E sold $750,830. On Thursday, May 26 Robbins Cynthia G. sold $38,370 worth of the stock or 460 shares.

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 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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