Insider Move From SEC: What after Joe Allanson’s Insider Sale of salesforce.com, inc. (NYSE:CRM) Stock?

November 29, 2016 - By Clifton Ray

Insider Move From SEC: What after Joe Allanson's Insider Sale of salesforce.com, inc. (NYSE:CRM) Stock?

Joe Allanson Insider Sell

Salesforce Com Inc’s Chief Accounting Officer, Joe Allanson, made a sale of 1,311 shares of stock in the public firm. The avg share cost was $73.0, for total sale amount of $95,743 U.S. Dollars. This is not his first insider trade, in the last month, he unloaded another 16,101 shares worth $1,198,896 USD. This is a transaction that is not going to stay unseen as Joe already holds 30,518 shares accounting for 0.00% of the Company’s market cap

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 Saturday, August 22 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Jefferies on Thursday, May 19 with “Hold”. The stock of salesforce.com, inc. (NYSE:CRM) earned “Outperform” rating by Northland Capital on Thursday, November 19. The firm has “Overweight” rating given on Thursday, November 19 by Pacific Crest. The company was maintained on Thursday, November 19 by Oppenheimer. RBC Capital Markets maintained salesforce.com, inc. (NYSE:CRM) rating on Monday, November 16. RBC Capital Markets has “Outperform” rating and $90 price target. As per Thursday, November 19, the company rating was maintained by Needham. The stock of salesforce.com, inc. (NYSE:CRM) earned “Hold” rating by TheStreet on Saturday, August 22. The company was maintained on Saturday, August 22 by Bank of America. The company was maintained on Thursday, May 19 by Credit Suisse.

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.

Cordasco Ntwk reported 740 shares or 0.07% of all its holdings. Oak Limited Oh has invested 1.03% of its portfolio in salesforce.com, inc. (NYSE:CRM). Transamerica Financial Advisors holds 23,883 shares or 0.19% of its portfolio. State Of New Jersey Common Pension Fund D holds 0.27% or 746,800 shares in its portfolio. Zevenbergen Ltd Com reported 780,986 shares or 2.9% of all its holdings. Amer Intll Group has 236,982 shares for 0% of their US portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 140,144 shares. Cypress Cap Management Lc (Wy) has 0% invested in the company for 7,455 shares. Dsc Advsrs L P owns 2,768 shares or 0.14% of their US portfolio. Citadel Advsrs Limited Co reported 1.63 million shares or 0.14% of all its holdings. Meiji Yasuda Asset Management has 12,403 shares for 0.14% of their US portfolio. Moreover, Salem Counselors has 0.19% invested in salesforce.com, inc. (NYSE:CRM) for 20,425 shares. Fort Point Capital Partners Ltd accumulated 4.01% or 104,220 shares. Benjamin F Edwards Co Inc has 1,178 shares for 0.02% of their US portfolio. Factory Mutual holds 0.18% or 168,600 shares in its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 161 sales for $149.97 million net activity. Benioff Marc sold $2.00 million worth of stock or 25,000 shares. Another trade for 2,234 shares valued at $178,543 was sold by Dayon Alexandre. Hawkins Mark J also sold $606,680 worth of salesforce.com, inc. (NYSE:CRM) on Monday, September 26. 250 shares were sold by Conway Craig, worth $18,560 on Tuesday, November 15. Martinez Maria had sold 3,335 shares worth $266,546. Shares for $356,441 were sold by Harris Parker on Tuesday, October 4. $12,701 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Roos John Victor.

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.

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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