November 24, 2016 - By Adrian Mccoy
On November 23, 2016, the Chief Financial Officer of Salesforce Com Inc, Mr. Mark Hawkins, made a sale of amount of company shares – 1,971, totalling $146,098 US Dollars, at an average $74.1 a share. Mark Hawkins currently has rights to 0.00% of the company’s total market capitalization with ownership of 10,022 shares. The trade was made on November 23, 2016 and this act was unveiled in a document which was filed with the SEC. This document is ready for use online here.
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. DA Davidson maintained salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 with “Neutral” rating. As per Saturday, August 22, the company rating was maintained by Bank of America. Jefferies maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, May 19. Jefferies has “Hold” rating and $80 price target. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Monday, August 24 by William Blair. Mizuho maintained salesforce.com, inc. (NYSE:CRM) on Thursday, September 1 with “Buy” rating. The rating was maintained by Barclays Capital on Thursday, September 1 with “Overweight”. Roth Capital maintained salesforce.com, inc. (NYSE:CRM) on Tuesday, August 25 with “Buy” rating. The firm has “Buy” rating given on Thursday, November 19 by Mizuho. The stock of salesforce.com, inc. (NYSE:CRM) earned “Outperform” rating by Cowen & Co on Friday, June 24. On Thursday, November 19 the stock rating was maintained by Wunderlich with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio worsened, 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.
Livingston Group Asset Mgmt Company (Operating As Southport Capital Management) holds 0.22% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 4,950 shares. Td Asset Management has 835,393 shares for 0.12% of their US portfolio. Parkside State Bank & accumulated 418 shares or 0.02% of the stock. Ridgeworth Capital Mgmt Ltd, a Georgia-based fund reported 333,564 shares. Aviva Public Limited Co last reported 422,056 shares in the company. Hsbc Holding Public Limited reported 571,212 shares or 0.12% of all its holdings. Raab And Moskowitz Asset Mgmt Limited Liability Co holds 0.22% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 4,961 shares. Benjamin F Edwards reported 1,178 shares or 0.02% of all its holdings. Bp Public Ltd Com has 0.23% invested in the company for 74,000 shares. Suntrust Banks has 0.03% invested in the company for 66,071 shares. Morgan Stanley has invested 0.41% of its portfolio in salesforce.com, inc. (NYSE:CRM). Washington Trust Comml Bank has 716 shares for 0.01% of their US portfolio. Savant Cap Limited Liability Corporation holds 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 2,524 shares. The New York-based Rockefeller Fincl Svcs Incorporated has invested 0% in salesforce.com, inc. (NYSE:CRM). The New York-based Cap One Association has invested 0.46% in salesforce.com, inc. (NYSE:CRM).
Insider Transactions: Since May 25, 2016, the stock had 3 insider buys, and 159 sales for $155.15 million net activity. Benioff Marc sold $1.84 million worth of salesforce.com, inc. (NYSE:CRM) on Monday, November 14. Harris Parker sold 5,000 shares worth $398,395. The insider Conway Craig sold $32,744. 288 shares with value of $24,151 were sold by Weaver Amy E on Wednesday, May 25. Another trade for 681 shares valued at $50,993 was sold by Robbins Cynthia G. BLOCK KEITH had sold 10,000 shares worth $837,392 on Tuesday, May 31. $24,621 worth of salesforce.com, inc. (NYSE:CRM) was sold by WEBB MAYNARD G JR.
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 earnings per share, 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 earnings per share 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.
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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By Adrian Mccoy