SEC Insider Narrative: Is salesforce.com, inc. (NYSE:CRM) Stock a Sell after Amy Weaver’s Insider Deal?

November 24, 2016 - By Linda Rogers

SEC Insider Narrative: Is salesforce.com, inc. (NYSE:CRM) Stock a Sell after Amy Weaver's Insider Deal?

Amy Weaver Insider Sell

A few days ago, the EVP – General Counsel of Salesforce Com Inc, Mr. Amy Weaver, sold amount of company shares – 329, totalling $24,387 USD, based on an average price of $74.1 of a share. This is not her first insider trade, in the last 30 days, she unloaded another 681 shares worth $50,993 USD. The reported shares were sold on November 23, 2016 and the filing that contains the original information, filed with the Security Exchange Commission can be seen here. Today, she holds 14,774 shares or precisely 0.00% of the company’s market capitalization.

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. Pacific Crest maintained it with “Overweight” rating and $80 target price in Saturday, August 22 report. The rating was upgraded by Pivotal Research to “Buy” on Friday, August 21. The rating was maintained by Lake Street with “Buy” on Thursday, November 19. Raymond James maintained it with “Strong Buy” rating and $100 target price in Thursday, May 19 report. As per Thursday, November 19, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Thursday, May 19 by Goldman Sachs. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Overweight”. The stock has “Overweight” rating given by Pacific Crest on Thursday, November 19. Pivotal Research maintained it with “Buy” rating and $100 target price in Thursday, November 19 report. The firm has “Overweight” rating given on Thursday, February 25 by Barclays Capital.

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.

Point72 Asset Management Ltd Partnership, a Connecticut-based fund reported 804,400 shares. Stifel Financial has 140,829 shares for 0.05% of their US portfolio. Employees Retirement Association Of Colorado reported 576,697 shares or 0.38% of all its holdings. Bnp Paribas Arbitrage Sa, a New York-based fund reported 3.19 million shares. Visium Asset Mgmt L P holds 78,129 shares or 0.43% of its portfolio. Covington Invest Advsr last reported 1.54% of its portfolio in the stock. Gofen Glossberg Lc Il accumulated 9,359 shares or 0.03% of the stock. Nuveen Asset Limited accumulated 187,298 shares or 0.09% of the stock. Ls Inv Advsr Limited Liability Company last reported 0.06% of its portfolio in the stock. Diversified Tru accumulated 46,315 shares or 0.42% of the stock. Gamco Et Al last reported 0.01% of its portfolio in the stock. Bluestein R H Co has 0.03% invested in the company for 5,000 shares. Prudential Public holds 0% or 14,039 shares in its portfolio. Bamco Inc Ny accumulated 0.03% or 77,354 shares. Toronto Dominion Commercial Bank has 3,468 shares for 0% of their US portfolio.

Insider Transactions: Since May 25, 2016, the stock had 3 insider buys, and 159 insider sales for $155.15 million net activity. 12,500 salesforce.com, inc. (NYSE:CRM) shares with value of $1.02 million were sold by Benioff Marc. On Wednesday, May 25 Weaver Amy E sold $24,151 worth of the stock or 288 shares. Shares for $76,605 were sold by Conway Craig. $391,631 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Harris Parker. 155 shares were sold by Roos John Victor, worth $12,617. Shares for $351,700 were sold by Robbins Cynthia G. $14,431 worth of shares were sold by Allanson Joe on Thursday, May 26.

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: 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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