Price Action to Note: After Today’s Big Increase, Is salesforce.com, inc.’s Near-Term Analysis Positive?

Price Action to Note: After Today's Big Increase, Is salesforce.com, inc.'s Near Term Analysis Positive?

The stock of salesforce.com, inc. (NYSE:CRM) is a huge mover today! About 9.29 million shares traded hands or 4.15% up from the average. salesforce.com, inc. (NYSE:CRM) has declined 3.36% since March 3, 2016 and is downtrending. It has underperformed by 11.71% the S&P500.
The move comes after 8 months positive chart setup for the $46.11B company. It was reported on Oct, 6 by Barchart.com. We have $116.46 PT which if reached, will make NYSE:CRM worth $29.05B more.

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. Canaccord Genuity maintained it with “Buy” rating and $95 target price in Thursday, May 19 report. JMP Securities maintained it with “Market Outperform” rating and $92 target price in Thursday, May 19 report. The firm has “Outperform” rating by Credit Suisse given on Thursday, May 19. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, May 19 by Citigroup. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. Pivotal Research maintained the shares of CRM in a report on Thursday, November 19 with “Buy” rating. On Thursday, November 19 the stock rating was maintained by Lake Street with “Buy”. The rating was maintained by Wunderlich on Thursday, September 1 with “Buy”. Citigroup maintained salesforce.com, inc. (NYSE:CRM) on Thursday, September 1 with “Buy” rating. FBR Capital maintained the stock with “Outperform” rating in Saturday, August 22 report.

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 increased, 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.
Moreover, Louisiana State Employees Retirement Systems has 0.17% invested in salesforce.com, inc. (NYSE:CRM) for 41,800 shares. Mai holds 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 10,191 shares. Bb&T has 23,469 shares for 0.04% of their US portfolio. The France-based Natixis Asset has invested 0.08% in salesforce.com, inc. (NYSE:CRM). Evercore Wealth Mngmt Limited Liability accumulated 29,170 shares or 0.1% of the stock. Moreover, Bank Of America De has 0.15% invested in salesforce.com, inc. (NYSE:CRM) for 7.94M shares. Moreover, Sumitomo Mitsui Asset has 0.52% invested in salesforce.com, inc. (NYSE:CRM) for 216,079 shares. State Board Of Administration Of Florida Retirement Systems last reported 963,760 shares in the company. Main Street Lc has invested 1.28% of its portfolio in salesforce.com, inc. (NYSE:CRM). Moreover, Teachers Retirement System Of The State Of Kentucky has 0.15% invested in salesforce.com, inc. (NYSE:CRM) for 141,490 shares. The Japan-based Nippon Life Insurance Communication has invested 0.08% in salesforce.com, inc. (NYSE:CRM). Trillium Asset Mgmt Ltd Llc has 0.74% invested in the company for 140,568 shares. Adell Harriman And Carpenter Inc has 21,914 shares for 0% of their US portfolio. Quantres Asset Limited has invested 0.63% of its portfolio in salesforce.com, inc. (NYSE:CRM). Moreover, Lombard Odier Asset Mngmt (Europe) Ltd has 0.03% invested in salesforce.com, inc. (NYSE:CRM) for 7,794 shares.

Insider Transactions: Since April 7, 2016, the stock had 2 buys, and 177 selling transactions for $161.10 million net activity. Shares for $2.77M were sold by Benioff Marc on Monday, September 12. TOMLINSON LAWRENCE sold 1,600 shares worth $126,480. $820,994 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by BLOCK KEITH. On Monday, August 15 the insider Conway Craig sold $31,732. Harris Parker also sold $408,662 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, July 26. Roos John Victor sold $13,752 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, May 3. Dayon Alexandre sold $159,304 worth of salesforce.com, inc. (NYSE:CRM) on Friday, September 9.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “Salesforce.com Inc.: The No. 1 Reason to Be Bullish on CRM Stock” on October 06, 2016, also Investorplace.com with their article: “Thursday’s Vital Data: Twitter Inc (TWTR), Salesforce.com, Inc. (CRM) and …” published on October 06, 2016, Marketwatch.com published: “An acquisition of Twitter could destroy 25% of Salesforce.com’s value” on October 05, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Investorplace.com and their article: “Why Salesforce.com, Inc. (CRM), Immunomedics, Inc. (IMMU) and Verizon …” published on October 05, 2016 as well as Wsj.com‘s news article titled: “Salesforce.com Imbues Dreamforce With Artificial Intelligence and Mindfulness” with publication date: October 01, 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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