November 24, 2016 - By Darrin Black
The Pres. – Sales & Cust. Success of Salesforce Com Inc, Maria Martinez, has just unloaded – 986 shares of the firm she’s managing and leading – coming to a cumulative transaction value of $73,086 U.S. Dollars (this based on avg stock price of $74.1). Presently, Maria Martinez has 31,520 shares or around 0.00% of the Company’s market cap. The report was made public in a filing dated November 23, 2016 with the SEC.
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. On Thursday, May 19 the stock rating was maintained by Canaccord Genuity with “Buy”. JMP Securities maintained the stock with “Market Outperform” rating in Thursday, May 19 report. The company was maintained on Friday, November 18 by Wedbush. The firm has “Buy” rating given on Monday, November 9 by Lake Street. The firm has “Buy” rating given on Thursday, November 19 by Mizuho. As per Thursday, September 10, the company rating was initiated by BTIG Research. The firm has “Buy” rating by Citigroup given on Thursday, September 1. The rating was maintained by Bernstein on Thursday, November 19 with “Underperform”. JP Morgan maintained the stock with “Overweight” rating in Thursday, May 19 report. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Friday, August 28 by Roth Capital.
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.
Friess Limited Liability has invested 2.05% of its portfolio in salesforce.com, inc. (NYSE:CRM). Verition Fund Mngmt Ltd Com last reported 16,069 shares in the company. Sei Invests last reported 0.42% of its portfolio in the stock. Fmr Ltd Llc last reported 99.51 million shares in the company. Polar Limited Liability Partnership accumulated 0.63% or 417,709 shares. Da Davidson And holds 4,010 shares or 0.01% of its portfolio. Thompson Siegel & Walmsley Llc holds 0% or 510 shares in its portfolio. Whittier Trust Of Nevada holds 20,955 shares or 0.19% of its portfolio. Wells Fargo And Co Mn owns 5.46M shares or 0.17% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 261,845 shares or 0.27% of all its holdings. Fincl Bank Of America Corporation De holds 0.15% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 7.94 million shares. First Midwest Bank & Trust Trust Division last reported 0.03% of its portfolio in the stock. Barclays Public Ltd Com accumulated 0.04% or 348,315 shares. Supplemental Annuity Collective Trust Of Nj accumulated 0.44% or 11,000 shares. 1St Global Advisors holds 6,343 shares or 0.07% of its portfolio.
Insider Transactions: Since May 25, 2016, the stock had 3 insider purchases, and 159 insider sales for $155.15 million net activity. Benioff Marc sold $933,206 worth of stock. $38,370 worth of shares were sold by Robbins Cynthia G. on Thursday, May 26. Wojcicki Susan bought 1,300 shares worth $99,940. 10,000 shares with value of $815,705 were sold by BLOCK KEITH on Tuesday, July 12. Another trade for 155 shares valued at $12,572 was sold by Roos John Victor. $415,331 worth of salesforce.com, inc. (NYSE:CRM) was sold by Harris Parker on Tuesday, June 7. 206 salesforce.com, inc. (NYSE:CRM) shares with value of $17,275 were sold by Allanson Joe.
The stock decreased 2.17% or $1.64 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.
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 Darrin Black