Insider Analysis: Mark Hawkins, Chief Financial Officer of salesforce.com, inc. (NYSE:CRM) Just Sold Shares

November 29, 2016 - By Marguerite Chambers

Insider Analysis: Mark Hawkins, Chief Financial Officer of salesforce.com, inc. (NYSE:CRM) Just Sold Shares

Mark Hawkins Insider Sell

As stated in the D.C. based-SEC, a public document for the deal of 992 shares of Salesforce Com Inc by Mark Hawkins was filled. Mark Hawkins is presently the Chief Financial Officer of the California-based Salesforce Com Inc. The legal form was filled on 28-11-2016. The shares were unloaded at average $73.0 of a share, and are worth $72,446 U.S Dollars. In the last 30 days, he also sold 1,971 shares with a total value of about $146,098 USD. he now holds 0.00% of the market capitalization of the company.

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 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. On Thursday, February 25 the stock rating was maintained by FBR Capital with “Outperform”. Wedbush maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, May 19. Wedbush has “Outperform” rating and $98 price target. Pivotal Research upgraded the shares of CRM in a report on Friday, August 21 to “Buy” rating. The stock of salesforce.com, inc. (NYSE:CRM) has “Neutral” rating given on Thursday, August 27 by BNP Paribas. The rating was maintained by TH Capital on Thursday, November 19 with “Buy”. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Wednesday, September 16 by Wunderlich. As per Saturday, August 22, the company rating was maintained by Bank of America. The firm has “Buy” rating given on Thursday, November 19 by Mizuho. The firm has “Outperform” rating given on Thursday, September 1 by Wedbush. As per Thursday, May 19, the company rating was maintained by Credit Suisse.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. 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.

Next Century Growth Investors Limited Liability Com holds 0.33% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 88,209 shares. Cordasco Finance Network accumulated 740 shares or 0.07% of the stock. First Tru Advisors L P, a Illinois-based fund reported 2.30M shares. Cibc World holds 1.02% or 495,219 shares in its portfolio. Raymond James Fincl Advsr holds 0.08% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 99,526 shares. Massmutual Tru Fsb Adv holds 0% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 158 shares. Ubs Asset Americas holds 4.84 million shares or 0.43% of its portfolio. The Pennsylvania-based Symmetry Peak Limited Liability Company has invested 0.49% in salesforce.com, inc. (NYSE:CRM). Moody Bankshares Trust Division owns 8,670 shares or 0.04% of their US portfolio. Blackrock Ltd Liability accumulated 0.17% or 2.09 million shares. Rainier Investment Limited Liability has 0.7% invested in the company for 181,850 shares. Stephens Inv Mgmt Group Inc Ltd Liability Com has 0.04% invested in the company for 16,570 shares. Edge Wealth Mgmt Limited Liability owns 3,470 shares or 0.12% of their US portfolio. Brighton Jones Limited Com reported 4,270 shares or 0.06% of all its holdings. Kessler Inv Group Inc Inc Lc accumulated 0.64% or 5,658 shares.

Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 161 selling transactions for $149.97 million net activity. The insider Weaver Amy E sold $50,993. Benioff Marc also sold $3.12 million worth of salesforce.com, inc. (NYSE:CRM) on Monday, June 6. 986 shares were sold by Martinez Maria, worth $73,086 on Tuesday, November 22. Harris Parker also sold $393,501 worth of salesforce.com, inc. (NYSE:CRM) shares. Wojcicki Susan bought 1,356 shares worth $99,957. Dayon Alexandre also sold $177,614 worth of salesforce.com, inc. (NYSE:CRM) shares. Another trade for 8,625 shares valued at $689,629 was made by Hawkins Mark J on Monday, August 29.

The stock decreased 1.09% or $0.8 during the last trading session, hitting $72.93. About 6.44M 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, Streetinsider.com published: “Form 4 SALESFORCE COM INC For: Nov 25 Filed by: Weaver Amy E” on November 29, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Investorplace.com and their article: “Salesforce.com, Inc. (CRM) Stock Cruises on Yet Another Beat” published on November 18, 2016 as well as Nasdaq.com‘s news article titled: “Salesforce.com Inc Q3 Earnings Advance 22%” with publication date: November 17, 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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