November 28, 2016 - By Clifton Ray
Shareholder Joe Allanson of Salesforce Com Inc, sold 577 of the public firm shares worth approx. $42,542 USD with an average of $73.7 per share price. Joe is trying to silently decrease his company’s share, same as he did in the last 30 days. He unloaded another 15,524 shares worth $1,156,354 USD. Joe Allanson presently holds 29,353 shares or 0.00% of Salesforce Com Inc’s market cap.
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 24.81% above today’s ($73) stock price. Salesforce.com has been the topic of 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of salesforce.com, inc. (NYSE:CRM) has “Overweight” rating given on Thursday, May 19 by Piper Jaffray. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Thursday, September 1 by RBC Capital Markets. As per Tuesday, January 12, the company rating was initiated by Brean Capital. As per Saturday, August 22, the company rating was maintained by Bank of America. The rating was maintained by UBS with “Buy” on Thursday, November 19. Lake Street initiated the shares of CRM in a report on Monday, November 9 with “Buy” rating. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. The firm has “Buy” rating given on Thursday, September 3 by Canaccord Genuity. The company was maintained on Thursday, May 19 by Brean Capital. Wunderlich maintained the shares of CRM in a report on Thursday, May 19 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. 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.
Livforsakringsbolaget Skandia Omsesidigt last reported 0.23% of its portfolio in the stock. Blackrock Grp Inc Ltd last reported 4.58 million shares in the company. Proshare Advisors Ltd Liability Corporation has 76,936 shares for 0.08% of their US portfolio. Sumitomo Life Co has 0.5% invested in the company for 46,208 shares. General Elec has invested 0.15% of its portfolio in salesforce.com, inc. (NYSE:CRM). Mufg Americas Corp holds 0% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 435 shares. Fmr Limited Com accumulated 1.08% or 99.51 million shares. National Registered Invest Advisor Inc has invested 0.33% of its portfolio in salesforce.com, inc. (NYSE:CRM). Westport Mngmt accumulated 900 shares or 0.02% of the stock. Cornerstone Advsr has 3,552 shares for 0.29% of their US portfolio. Norinchukin Bancshares The accumulated 33,404 shares or 0.06% of the stock. California State Teachers Retirement Systems reported 1.36 million shares or 0.23% of all its holdings. Barclays Public Limited Com has 348,315 shares for 0.04% of their US portfolio. Nomura Asset Commerce Ltd has invested 0.11% of its portfolio in salesforce.com, inc. (NYSE:CRM). Aviva Public Limited, a United Kingdom-based fund reported 422,056 shares.
Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 160 selling transactions for $149.92 million net activity. Wojcicki Susan bought $99,981 worth of stock. The insider Benioff Marc sold $1.00M. Shares for $266,546 were sold by Martinez Maria on Thursday, August 25. BLOCK KEITH sold $810,000 worth of stock. 400 shares were sold by Conway Craig, worth $31,732 on Monday, August 15. Robbins Cynthia G. also sold $105,974 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25. Roos John Victor sold 155 shares worth $12,952.
About 6.44M shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 3.63% since April 25, 2016 and is downtrending. It has underperformed by 9.65% 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 $50.66 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 247.88 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 $41.64M for 304.17 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 important recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “Salesforce.com, inc.: Something’s Not Right with CRM Stock” on November 23, 2016, also Marketwatch.com published article titled: “Salesforce earnings: A waiting period before a fourth-quarter turnaround”, Investorplace.com published: “Salesforce.com, Inc. (CRM) Stock Cruises on Yet Another Beat” on November 18, 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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By Clifton Ray