Notable Insider Report: salesforce.com, inc. (NYSE:CRM)’s Insider Cynthia Robbins Unloaded 1,326 Shares

November 29, 2016 - By Ruchi Gupta

Notable Insider Report: salesforce.com, inc. (NYSE:CRM)'s Insider Cynthia Robbins Unloaded 1,326 Shares

Cynthia Robbins Insider Sell

Cynthia Robbins is the EVP – Global Employee Success of Salesforce Com Inc. She in the last few days sold 1,326 shares in the California-based Salesforce Com Inc with the trade value totalling $96,839 USD. This is based on the filing documented price of $73.0 for each share. Cynthia now possess 3,165 shares accounting for 0.0005% 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. Pacific Crest maintained the shares of CRM in a report on Thursday, November 19 with “Overweight” rating. The stock of salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Morgan Stanley on Saturday, August 22. The firm has “Overweight” rating by Piper Jaffray given on Friday, April 1. The stock has “Buy” rating given by Deutsche Bank on Thursday, May 19. BMO Capital Markets maintained the shares of CRM in a report on Thursday, September 1 with “Outperform” rating. Stifel Nicolaus maintained salesforce.com, inc. (NYSE:CRM) on Thursday, November 19 with “Buy” rating. The stock has “Positive” rating given by OTR Global on Tuesday, November 15. RBC Capital Markets maintained salesforce.com, inc. (NYSE:CRM) on Thursday, September 1 with “Outperform” rating. Citigroup maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, July 20 with “Buy” rating. The company was maintained on Friday, November 18 by BMO Capital Markets.

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.

Rockefeller Fincl Service holds 0% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 2,195 shares. Winslow Evans And Crocker has 0% invested in the company for 2,504 shares. Utah Retirement System has invested 0.25% of its portfolio in salesforce.com, inc. (NYSE:CRM). River Mercantile Asset Llp holds 0.02% or 650 shares in its portfolio. Moreover, Moore Cap Mgmt L P has 0.61% invested in salesforce.com, inc. (NYSE:CRM) for 195,120 shares. Nikko Asset Mgmt Americas last reported 3,800 shares in the company. Bokf Na last reported 0.1% of its portfolio in the stock. Moreover, Thompson Siegel Walmsley Lc has 0% invested in salesforce.com, inc. (NYSE:CRM) for 510 shares. Alpha Windward Limited Liability Corporation holds 0.07% or 1,181 shares in its portfolio. Cypress Ltd Company (Wy) holds 0% or 7,455 shares in its portfolio. Weiss Multi has invested 0.19% of its portfolio in salesforce.com, inc. (NYSE:CRM). The New Jersey-based Landscape Cap Mngmt Limited Liability has invested 0.04% in salesforce.com, inc. (NYSE:CRM). First Tru Lp holds 0.58% or 2.30 million shares in its portfolio. Sun Life has 0.12% invested in the company for 12,755 shares. Deere & holds 0.27% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 63,974 shares.

Insider Transactions: Since May 31, 2016, the stock had 3 insider purchases, and 161 insider sales for $149.97 million net activity. 400 salesforce.com, inc. (NYSE:CRM) shares with value of $31,732 were sold by Conway Craig. Another trade for 5,000 shares valued at $362,260 was sold by Harris Parker. Benioff Marc sold $1.03M worth of salesforce.com, inc. (NYSE:CRM) on Friday, July 22. 10,000 shares were sold by BLOCK KEITH, worth $830,241 on Thursday, June 9. $351,700 worth of salesforce.com, inc. (NYSE:CRM) was sold by Robbins Cynthia G. TOMLINSON LAWRENCE had sold 1,600 shares worth $126,480 on Tuesday, July 5. Dayon Alexandre also sold $178,543 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25.

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.

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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