November 29, 2016 - By Ellis Scott
Salesforce Com Inc EVP and Chief Legal Officer and an insider Burke Norton lately sold 1,983 company shares having a worth of $144,820 at an avg market stock price per share of $73.0. In the last 30 days, he also sold 181,971 shares with value $13,493,445 USD. The trade will most probably not remain a secret as it was huge one. Currently, Burke Norton possess a total of 77,422 shares or 0.01% of the company’s total 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 24.93% above today’s ($72.93) stock price. Salesforce.com has been the topic of 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Thursday, September 3, the company rating was maintained by Canaccord Genuity. The stock of salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Piper Jaffray on Thursday, May 19. The stock has “Buy” rating given by Mizuho on Thursday, November 19. BMO Capital Markets initiated salesforce.com, inc. (NYSE:CRM) on Wednesday, June 15 with “Outperform” rating. On Tuesday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. Roth Capital maintained the shares of CRM in a report on Thursday, November 19 with “Buy” rating. The stock has “Buy” rating given by TH Capital on Thursday, November 19. The company was maintained on Thursday, February 25 by Barclays Capital. The rating was maintained by William Blair with “Outperform” on Monday, August 24. DA Davidson maintained it with “Neutral” rating and $87 target price in Friday, November 20 report.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio dropped, 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.
Clearbridge Limited Liability Co accumulated 2,010 shares or 0% of the stock. Baldwin Brothers Ma accumulated 0.01% or 767 shares. The Massachusetts-based Essex Invest Mngmt Com Lc has invested 0.47% in salesforce.com, inc. (NYSE:CRM). Glob X Mgmt Lc last reported 546 shares in the company. Winslow Evans Crocker accumulated 0% or 2,504 shares. Gulf Commercial Bank (Uk) Limited owns 189,065 shares or 0.25% of their US portfolio. Goldman Sachs Grp has 0.09% invested in the company for 3.34 million shares. Reliance Tru Of Delaware last reported 14,000 shares in the company. Qs Invsts Ltd Company accumulated 158,772 shares or 0.11% of the stock. The Massachusetts-based Impact Limited Liability Corp has invested 0.7% in salesforce.com, inc. (NYSE:CRM). Moreover, Barclays Public Ltd Liability has 0.04% invested in salesforce.com, inc. (NYSE:CRM) for 348,315 shares. Amalgamated Bancorp accumulated 57,133 shares or 0.27% of the stock. Huntington Comml Bank accumulated 2,670 shares or 0% of the stock. Grp has invested 0% of its portfolio in salesforce.com, inc. (NYSE:CRM). Wells Fargo & Mn holds 5.46M shares or 0.17% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 3 buys, and 161 selling transactions for $149.97 million net activity. Weaver Amy E sold $82,957 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25. $12,572 worth of shares were sold by Roos John Victor on Tuesday, August 9. $830,241 worth of salesforce.com, inc. (NYSE:CRM) was sold by BLOCK KEITH. 12,500 shares with value of $1.02M were sold by Benioff Marc on Monday, July 18. $99,981 worth of salesforce.com, inc. (NYSE:CRM) shares were bought by Wojcicki Susan. On Tuesday, June 7 Harris Parker sold $415,331 worth of the stock or 5,000 shares. $13.35M worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Norton Burke F.
The stock decreased 1.09% or $0.8 during the last trading session, hitting $72.93. About 6.44 million shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 4.30% since April 26, 2016 and is downtrending. It has underperformed by 9.56% 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 earnings per share, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $41.68 million for 303.88 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.: Something’s Not Right with CRM Stock” on November 23, 2016, also Marketwatch.com with their article: “Salesforce earnings: A waiting period before a fourth-quarter turnaround” published on November 15, 2016, 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) were released by: Streetinsider.com and their article: “Form 4 SALESFORCE COM INC For: Nov 25 Filed by: Benioff Marc” published on November 28, 2016 as well as Nasdaq.com‘s news article titled: “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 Ellis Scott