November 29, 2016 - By Ruchi Gupta
Salesforce Com Inc’s Pres. & Chief Product Officer, Alexandre Dayon, made a sale of 2,234 shares of stock in the company. The average cost of Alexandre Dayon per share was $73.0, for total deal amount of $163,150 U.S. Dollars. This is not his first insider trade, in the last 30 days, he sold another 36,036 shares worth $2,799,516 USD. Alexandre Dayon currently has 19,598 shares or 0.00% of Salesforce Com Inc’s 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. The firm has “Outperform” rating given on Thursday, May 19 by Credit Suisse. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Friday, June 24 by Cowen & Co. The firm has “Hold” rating given on Tuesday, August 25 by Wedbush. The firm earned “Buy” rating on Wednesday, September 16 by Wunderlich. Raymond James maintained the stock with “Strong Buy” rating in Thursday, May 19 report. The firm has “Sell” rating by Jefferies given on Thursday, August 27. The firm earned “Overweight” rating on Friday, April 1 by Piper Jaffray. The firm has “Buy” rating given on Tuesday, October 18 by Rosenblatt. The firm has “Buy” rating given on Friday, November 18 by Mizuho. Wunderlich maintained the shares of CRM in a report on Thursday, November 19 with “Buy” rating.
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.06, from 1.19 in 2016Q1. The ratio dived, 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.
Metropolitan Life Insurance has 358,161 shares for 0.21% of their US portfolio. Bank & Trust Of Montreal Can has invested 0.04% of its portfolio in salesforce.com, inc. (NYSE:CRM). Pittenger And Anderson has invested 0.43% of its portfolio in salesforce.com, inc. (NYSE:CRM). Kbc Group Nv accumulated 0.11% or 99,101 shares. Chilton Lc has 59,145 shares for 0.46% of their US portfolio. The Connecticut-based Verition Fund Mgmt Ltd Liability Co has invested 0.16% in salesforce.com, inc. (NYSE:CRM). Asset Management Inc owns 61,289 shares or 0.19% of their US portfolio. Calvert accumulated 32,119 shares or 0.13% of the stock. Northern Trust has invested 0.25% of its portfolio in salesforce.com, inc. (NYSE:CRM). Pictet Asset Mngmt holds 907,784 shares or 0.3% of its portfolio. Herndon Cap Mgmt Lc holds 0% or 59 shares in its portfolio. The Connecticut-based Mark Sheptoff Finance Planning has invested 0.01% in salesforce.com, inc. (NYSE:CRM). The New York-based Ao Asset Lc has invested 7.06% in salesforce.com, inc. (NYSE:CRM). Blackrock Japan Limited last reported 0.23% of its portfolio in the stock. Sands Mgmt Ltd Liability Corp reported 22.90M shares or 5.62% of all its holdings.
Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 161 insider sales for $149.97 million net activity. $935,921 worth of salesforce.com, inc. (NYSE:CRM) was sold by Benioff Marc. Shares for $126,480 were sold by TOMLINSON LAWRENCE. Roos John Victor had sold 155 shares worth $12,710 on Tuesday, July 26. Norton Burke F sold $158,322 worth of stock or 1,981 shares. $2.60 million worth of salesforce.com, inc. (NYSE:CRM) was sold by Dayon Alexandre on Friday, November 18. 8,624 shares were sold by Hawkins Mark J, worth $705,450 on Tuesday, July 26. The insider BLOCK KEITH sold $1.62M.
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 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, 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 Ruchi Gupta