The stock of salesforce.com, inc. (NYSE:CRM) is a huge mover today! About 11.47M shares traded hands or 46.68% up from the average. salesforce.com, inc. (NYSE:CRM) has declined 2.69% since April 18, 2016 and is downtrending. It has underperformed by 7.12% the S&P500.
The move comes after 8 months positive chart setup for the $54.96B company. It was reported on Nov, 18 by Barchart.com. We have $124.22 PT which if reached, will make NYSE:CRM worth $32.98 billion more.
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. Salesforce.com has been the topic of 104 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Monday, August 15, the company rating was downgraded by OTR Global. Brean Capital maintained it with “Buy” rating and $110 target price in Thursday, May 19 report. The firm has “Positive” rating by OTR Global given on Tuesday, November 15. Mizuho maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, May 19. Mizuho has “Buy” rating and $100 price target. Wedbush maintained it with “Outperform” rating and $98 target price in Thursday, May 19 report. The firm earned “Overweight” rating on Thursday, November 19 by Pacific Crest. The firm earned “Outperform” rating on Saturday, August 22 by FBR Capital. The firm has “Hold” rating given on Friday, August 28 by Wedbush. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, September 1. The rating was maintained by Barclays Capital on Thursday, May 19 with “Overweight”.
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 decreased to 1.13 in Q2 2016. 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.
Parallax Volatility Advisers Lp, a California-based fund reported 45,192 shares. Caisse De Depot Et Placement Du Quebec has 258,774 shares for 0.05% of their US portfolio. Finemark Retail Bank Tru last reported 1,846 shares in the company. Tybourne Capital Mgmt Hk Limited accumulated 2.36 million shares or 9.74% of the stock. Alphamark Advsrs Ltd Liability Corp has 300 shares for 0.01% of their US portfolio. Adage Prtnrs Group Inc Ltd Liability owns 1.10 million shares or 0.24% of their US portfolio. Proshare Advsr Limited last reported 76,936 shares in the company. Schmidt P J Mgmt accumulated 3,290 shares or 0.1% of the stock. Pittenger & Anderson Inc last reported 0.43% of its portfolio in the stock. Atwood And Palmer Incorporated last reported 0.01% of its portfolio in the stock. The Germany-based Dekabank Deutsche Girozentrale has invested 0.1% in salesforce.com, inc. (NYSE:CRM). Gam Hldg Ag accumulated 207,067 shares or 0.25% of the stock. Parkwood Ltd holds 4,101 shares or 0.05% of its portfolio. Texas Permanent School Fund holds 0.22% or 206,621 shares in its portfolio. Euclid Advisors Ltd Limited Liability Company last reported 193,484 shares in the company.
Insider Transactions: Since May 19, 2016, the stock had 3 insider purchases, and 180 selling transactions for $157.98 million net activity. Benioff Marc had sold 12,500 shares worth $979,039. BLOCK KEITH had sold 10,000 shares worth $815,705. $12,572 worth of salesforce.com, inc. (NYSE:CRM) was sold by Roos John Victor on Tuesday, August 9. The insider Dayon Alexandre sold $178,543. Robbins Cynthia G. also sold $6,930 worth of salesforce.com, inc. (NYSE:CRM) shares. The insider Allanson Joe sold 943 shares worth $75,367. Harris Parker had sold 575 shares worth $47,963.
More important recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “CRM Stock: Expect a Muted Quarter from Salesforce.com, Inc.” on November 17, 2016, also Nasdaq.com published article titled: “Salesforce.com Inc Q3 Earnings Advance 22%”, Profitconfidential.com published: “Salesforce.com, inc.: A Bearish Storm Is Brewing in CRM Stock” on November 14, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) was released by: Profitconfidential.com and their article: “Salesforce.com, Inc.: This is Why the Bears Control CRM Stock” with publication date: October 28, 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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