November 29, 2016 - By Marguerite Chambers
Maria Martinez; that is an insider in Salesforce Com Inc who is the newest to unload shares in the company for which she is right now a Pres. – Sales & Cust. Success. Maria a few days ago made a sale of 3,335 shares of the company, worth approximately $243,557 U.S Dollars, that is a price-per-share of $73.0. In the last month, she also sold 1,972 shares with a total value of about $146,172 USD. Right now, Maria Martinez holds a total of 34,493 shares or 0.01% of Salesforce Com Inc’s market cap. This deal was completed on November 28, 2016. A report filed with the U.S. Security and Exchange Commission and available for free here, provides extra details of the deal.
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. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, May 19 report. The firm has “Buy” rating by Vetr given on Wednesday, August 19. As per Thursday, May 19, the company rating was maintained by Wunderlich. Mizuho maintained the shares of CRM in a report on Thursday, September 1 with “Buy” rating. The stock has “Buy” rating given by Wunderlich on Thursday, September 1. The rating was maintained by Raymond James on Thursday, May 19 with “Strong Buy”. As per Tuesday, November 10, the company rating was maintained by Barclays Capital. The rating was maintained by Roth Capital on Tuesday, August 25 with “Buy”. Pivotal Research upgraded the shares of CRM in a report on Friday, August 21 to “Buy” rating. Jefferies maintained it with “Sell” rating and $51 target price in Thursday, September 17 report.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio worsened, 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.
Airain Limited last reported 0.9% of its portfolio in the stock. Barclays Public Ltd Co accumulated 348,315 shares or 0.04% of the stock. Blue Bell Private Wealth Mgmt Limited Liability Corporation accumulated 689 shares or 0.04% of the stock. First Midwest Bankshares Tru Division owns 2,867 shares or 0.03% of their US portfolio. Advisors Asset Mgmt has 0.01% invested in the company for 10,702 shares. Natixis last reported 0.18% of its portfolio in the stock. The Massachusetts-based Hall Laurie J Trustee has invested 0% in salesforce.com, inc. (NYSE:CRM). Advisor Prtn Llc accumulated 0.19% or 7,016 shares. Cambridge Tru Communications holds 1.68% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 276,836 shares. Eqis Mngmt Incorporated holds 0.03% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 5,719 shares. Bessemer Gru Incorporated has 748 shares for 0% of their US portfolio. Janney Montgomery Scott Ltd Liability Corporation holds 17,405 shares or 0.02% of its portfolio. Brick And Kyle last reported 0.03% of its portfolio in the stock. Franklin owns 3.84M shares or 0.16% of their US portfolio. Voya Inv Management Ltd Liability holds 0.39% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 2.01 million shares.
Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 161 insider sales for $149.97 million net activity. 9,381 salesforce.com, inc. (NYSE:CRM) shares with value of $750,830 were sold by Weaver Amy E. Shares for $81,975 were sold by Martinez Maria on Monday, August 29. Another trade for 5,000 shares valued at $408,662 was sold by Harris Parker. Another trade for 943 shares valued at $75,367 was made by Allanson Joe on Thursday, August 25. Shares for $351,700 were sold by Robbins Cynthia G. Shares for $909,935 were sold by Benioff Marc. $816,993 worth of shares were sold by BLOCK KEITH on Thursday, July 14.
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 EPS, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $41.68M for 303.88 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.: 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.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.