November 29, 2016 - By Hazel Jackson
Amy Weaver, EVP – General Counsel of Salesforce Com Inc is the insider, Octafinance want to write about today. Mr. Amy submitted an electronic form with the DC-based SEC making public a sale for 1,038 shares of the ‘s company, the one she is an insider in. At the time of the selling transaction, the average stock price of Salesforce Com Inc was $73.0, making the dealing worth $75,806 US Dollars. This is not her first insider trade, in the last month, she unloaded another 329 shares worth $24,387 USD. Currently, Amy Weaver owns 15,698 shares which make up around 0.00% of Salesforce Com Inc’s total market capitalization.
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. Bank of America maintained salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 with “Buy” rating. Pacific Crest maintained the stock with “Overweight” rating in Thursday, November 19 report. The firm earned “Buy” rating on Thursday, November 19 by Lake Street. The stock of salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Barclays Capital on Tuesday, November 10. Pacific Crest maintained salesforce.com, inc. (NYSE:CRM) rating on Saturday, August 22. Pacific Crest has “Overweight” rating and $80 price target. Jefferies maintained the shares of CRM in a report on Thursday, September 17 with “Sell” rating. On Thursday, November 19 the stock rating was maintained by Bernstein with “Underperform”. Raymond James maintained salesforce.com, inc. (NYSE:CRM) on Thursday, May 19 with “Strong Buy” rating. The company was maintained on Monday, August 17 by Deutsche Bank. On Thursday, September 1 the stock rating was maintained by Wunderlich with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio turned 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.
Voya Invest Mgmt Ltd Liability Corp has 0.39% invested in the company for 2.01M shares. Benjamin F Edwards & holds 0.02% or 1,178 shares in its portfolio. First Trust Advsrs L P has 0.58% invested in the company for 2.30M shares. Community Bankshares Na last reported 0.01% of its portfolio in the stock. New Century Investment Mgmt Inc accumulated 15,636 shares or 0.66% of the stock. Capital Guardian Tru has invested 0% of its portfolio in salesforce.com, inc. (NYSE:CRM). Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 0% or 1,841 shares in its portfolio. Tcw Grp Inc owns 3.30M shares or 1.98% of their US portfolio. Keybank Natl Association Oh last reported 0.01% of its portfolio in the stock. Johnson Inv Counsel Inc last reported 0.14% of its portfolio in the stock. Sumitomo Mitsui Holding holds 0.27% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 2.00M shares. Citadel Limited Co accumulated 0.14% or 1.63M shares. Blackrock Advisors Limited Com last reported 0.17% of its portfolio in the stock. Parametrica Mngmt Limited last reported 3,939 shares in the company. Mark Sheptoff Planning Limited Liability has invested 0.01% of its portfolio in salesforce.com, inc. (NYSE:CRM).
Insider Transactions: Since May 31, 2016, the stock had 3 buys, and 161 sales for $149.97 million net activity. $1.62M worth of salesforce.com, inc. (NYSE:CRM) was sold by BLOCK KEITH on Thursday, August 4. $12,701 worth of salesforce.com, inc. (NYSE:CRM) was sold by Roos John Victor. On Wednesday, June 1 the insider WEBB MAYNARD G JR sold $24,621. 5,000 salesforce.com, inc. (NYSE:CRM) shares with value of $391,631 were sold by Harris Parker. The insider Benioff Marc sold $921,001. On Thursday, August 25 Dayon Alexandre sold $178,543 worth of the stock or 2,234 shares. 329 salesforce.com, inc. (NYSE:CRM) shares with value of $24,387 were sold by Weaver Amy E.
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 $41.68 million 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.