Insider Market Move: Marc Benioff just Sold 25,000 shares of salesforce.com, inc. (NYSE:CRM), be careful if you are long!

November 29, 2016 - By whatsonthorold

Insider Market Move: Marc Benioff just Sold 25,000 shares of salesforce.com, inc. (NYSE:CRM), be careful if you are long!

Marc Benioff Insider Sell

After the disclosing of a legal report filled with SEC; a significant and highly notable insider trading deal became apparent. The Chairman of the Board and CEO of Salesforce Com Inc, Marc Benioff; made a significant sale in the open market by selling 25,000 shares at an average market price per share of $73.4 of the stock exchange listed company worth approx. $1,834,305 US Dollars. Marc is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 237,500 shares worth $17,847,196 USD. The regulatory filing shows that Marc Benioff now has ownership of about 5.06% of the California-based company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding)

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 24.71% above today’s ($73.06) 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 “Buy” rating given on Tuesday, August 25 by Roth Capital. The company was maintained on Thursday, November 19 by Barclays Capital. Wunderlich initiated it with “Buy” rating and $85 target price in Wednesday, September 16 report. The firm has “Outperform” rating by Wedbush given on Friday, November 18. Rosenblatt initiated it with “Buy” rating and $90 target price in Tuesday, October 18 report. The stock has “Outperform” rating given by FBR Capital on Saturday, August 22. The company was initiated on Tuesday, January 12 by Brean Capital. The rating was maintained by BMO Capital Markets on Friday, November 18 with “Outperform”. Stifel Nicolaus maintained it with “Buy” rating and $93 target price in Thursday, May 19 report. The firm has “Neutral” rating given on Thursday, August 27 by BNP Paribas.

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

Stanley holds 12,594 shares or 0.39% of its portfolio. Invesco accumulated 0.09% or 3.13M shares. Creative Planning accumulated 31,136 shares or 0.02% of the stock. Legal And General Group Public Ltd Liability Corporation accumulated 0.22% or 2.59M shares. Geode Capital Management Lc has 4.84 million shares for 0.21% of their US portfolio. Goldman Sachs Grp Inc Inc accumulated 0.09% or 3.34M shares. Denver Advsr Ltd Liability has 0.06% invested in the company for 17,007 shares. Andra Ap owns 32,700 shares or 0.07% of their US portfolio. Symmetry Peak Management Lc last reported 0.49% of its portfolio in the stock. The Michigan-based State Treasurer State Of Michigan has invested 0.57% in salesforce.com, inc. (NYSE:CRM). Mckinley Capital Mgmt Ltd Liability Company Delaware owns 91,732 shares or 0.35% of their US portfolio. American National Registered Inv Advisor holds 0.33% or 8,820 shares in its portfolio. D E Shaw And Com holds 0.08% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 572,394 shares. Apriem Advsrs holds 0.11% or 4,350 shares in its portfolio. First Citizens National Bank & Trust Tru has 21,159 shares for 0.15% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 3 buys, and 161 sales for $149.97 million net activity. Benioff Marc also sold $2.01M worth of salesforce.com, inc. (NYSE:CRM) shares. 1,981 shares were sold by Norton Burke F, worth $158,322. Another trade for 10,000 shares valued at $828,480 was sold by BLOCK KEITH. Conway Craig sold $18,525 worth of stock or 250 shares. $99,940 worth of salesforce.com, inc. (NYSE:CRM) was bought by Wojcicki Susan. The insider Hawkins Mark J sold $606,680. The insider Harris Parker sold $165,755.

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 earnings per share, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $41.60M for 304.42 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 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.

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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