The stock of salesforce.com, inc. (NYSE:CRM) is a huge mover today! About 42.68M shares traded hands or 472.89% up from the average. salesforce.com, inc. (NYSE:CRM) has risen 3.12% since March 2, 2016 and is uptrending. It has underperformed by 5.13% the S&P500.
The move comes after 8 months negative chart setup for the $48.36B company. It was reported on Oct, 5 by Barchart.com. We have $63.07 PT which if reached, will make NYSE:CRM worth $3.87B less.
salesforce.com, inc. (NYSE:CRM) Ratings Coverage
Out of 42 analysts covering Salesforce.com (NYSE:CRM), 37 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 88% are positive. Salesforce.com has been the topic of 100 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Vetr on Wednesday, August 19. The company was maintained on Friday, August 28 by Roth Capital. Jefferies maintained the stock with “Hold” rating in Thursday, February 25 report. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 19. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by TH Capital on Thursday, November 19. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by William Blair on Friday, September 4. The company was maintained on Thursday, May 19 by Mizuho. The stock has “Buy” rating given by Lake Street on Thursday, November 19. The firm has “Outperform” rating given on Thursday, May 19 by Macquarie Research. The firm earned “Overweight” rating on Friday, April 1 by Piper Jaffray.
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.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.07, from 1.12 in 2016Q1. The ratio is positive, 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.
Nomura owns 200 shares or 0% of their US portfolio. American Registered Inv Advisor Inc holds 0.33% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 8,820 shares. Bell State Natl Bank reported 2,530 shares or 0.12% of all its holdings. Patten Grp has invested 0% of its portfolio in salesforce.com, inc. (NYSE:CRM). Commerzbank Aktiengesellschaft Fi reported 78,803 shares or 0.04% of all its holdings. Criterion Cap Limited Com has 5.45% invested in the company for 1.43M shares. Columbus Circle Investors holds 742,906 shares or 0.59% of its portfolio. Credit Agricole S A reported 403,765 shares or 0.12% of all its holdings. Cornerstone Cap Mngmt Limited Liability Corporation last reported 137,434 shares in the company. King Luther Capital Mngmt has 11,159 shares for 0.01% of their US portfolio. Duncker Streett & holds 0.01% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 400 shares. Axa owns 806,905 shares or 0.29% of their US portfolio. Bluefin Trading Ltd has 12,754 shares for 0.1% of their US portfolio. New York State Common Retirement Fund owns 1.88 million shares or 0.22% of their US portfolio. Ranger Investment Lp last reported 0% of its portfolio in the stock.
Insider Transactions: Since April 7, 2016, the stock had 2 buys, and 176 selling transactions for $160.25 million net activity. The insider WEBB MAYNARD G JR sold 1,500 shares worth $123,165. On Tuesday, July 26 the insider BLOCK KEITH sold $818,009. Benioff Marc had sold 25,000 shares worth $1.88 million. $12,390 worth of shares were sold by Roos John Victor on Tuesday, August 16. $408,662 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Harris Parker. $159,304 worth of shares were sold by Dayon Alexandre on Friday, September 9. On Thursday, August 25 the insider Norton Burke F sold $158,322.
More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Marketwatch.com which released: “An acquisition of Twitter could destroy 25% of Salesforce.com’s value” on October 05, 2016, also Investorplace.com with their article: “Why Pandora Media Inc (P), Salesforce.com, Inc. (CRM) and Sears Holdings Corp …” published on October 04, 2016, Wsj.com published: “Salesforce.com Imbues Dreamforce With Artificial Intelligence and Mindfulness” on October 01, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Investorplace.com and their article: “3 Stocks to Watch on Tuesday: Salesforce.com, Inc. (CRM), TerraForm Power, Inc …” published on October 04, 2016 as well as Wsj.com‘s news article titled: “Salesforce.com to Press Regulators to Block Microsoft-LinkedIn Deal” with publication date: September 29, 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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