Significant Insider Change: Parker Harris just Unloaded 2,076 shares of salesforce.com, inc. (NYSE:CRM), be careful if you are long!

November 29, 2016 - By olga

Significant Insider Change: Parker Harris just Unloaded 2,076 shares of salesforce.com, inc. (NYSE:CRM), be careful if you are long!

Parker Harris Insider Sell

In a legal form which was filled with the Security and Exchange Commission, it was exposed that the Co-Founder of Salesforce Com Inc Parker Harris, an insider in question, made sale through a broker for 2,076 shares of the California-based company, having a total value of $151,612 U.S Dollars using an average stock price per share of $73.0 U.S Dollars. Parker is trying to decrease his company’s share, same as he did in the last month. He unloaded another 1,971 shares worth $146,099 USD. he presently holds 0.30% of the total market cap of the Company.

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. RBC Capital Markets maintained the shares of CRM in a report on Monday, November 16 with “Outperform” rating. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Roth Capital on Thursday, November 19. Citigroup maintained the stock with “Buy” rating in Wednesday, July 20 report. The firm has “Buy” rating given on Thursday, May 19 by Wunderlich. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Thursday, September 1 by Wedbush. The company was reinitiated on Friday, April 1 by Piper Jaffray. The firm has “Hold” rating by TheStreet given on Saturday, August 22. The firm has “Hold” rating by Jefferies given on Thursday, February 25. Pivotal Research maintained it with “Buy” rating and $100 target price in Thursday, November 19 report. The rating was maintained by Roth Capital on Friday, August 28 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 dropped, 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.

Utah Retirement Sys holds 0.25% or 117,188 shares in its portfolio. Pinebridge L P owns 6,791 shares or 0.03% of their US portfolio. Nikko Asset Mgmt Americas Inc last reported 3,800 shares in the company. Ridgeworth Mngmt Ltd Liability Com, a Georgia-based fund reported 333,564 shares. Partners Ltd Liability accumulated 86,200 shares or 0.54% of the stock. Diam has 0.15% invested in the company for 122,438 shares. Westport Resource Mngmt Incorporated last reported 0.02% of its portfolio in the stock. Stephens Incorporated Ar reported 93,114 shares or 0.33% of all its holdings. Edgewood Management Limited Liability accumulated 5,757 shares or 0% of the stock. Westpac Corporation holds 0% or 104,453 shares in its portfolio. Standard Life Invests Ltd has 0.79% invested in the company for 2.19 million shares. Duquesne Family Office Ltd holds 1.72% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 189,000 shares. Enterprise Corporation last reported 331 shares in the company. Brick And Kyle Assoc has 400 shares for 0.03% of their US portfolio. The Texas-based Highland Capital Management L P has invested 5.67% in salesforce.com, inc. (NYSE:CRM).

Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 161 sales for $149.97 million net activity. Another trade for 1,326 shares valued at $105,974 was made by Robbins Cynthia G. on Thursday, August 25. 37,500 shares with value of $3.06M were sold by Benioff Marc on Thursday, July 28. Martinez Maria sold 1,022 shares worth $81,975. WEBB MAYNARD G JR sold 15,000 shares worth $1.13 million. 180,000 shares with value of $13.35 million were sold by Norton Burke F on Tuesday, November 15. Wojcicki Susan bought $99,981 worth of stock or 1,403 shares. Harris Parker also sold $398,395 worth of salesforce.com, inc. (NYSE:CRM) shares.

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 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, 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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