What’s Ahead for salesforce.com, inc. After Today’s Bearish Options Activity?


 What's Ahead for salesforce.com, inc. After Today's Bearish Options Activity?

In today’s session salesforce.com, inc. (CRM) recorded an unusually high (859) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious CRM decrease. With 859 contracts traded and 5854 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: CRM161021P00071500 closed last at: $1.87 or 9.2% down. The stock increased 2.99% or $2.11 during the last trading session, hitting $72.63. About 11.24 million shares traded hands or 55.89% up from the average. salesforce.com, inc. (NYSE:CRM) has risen 3.12% since March 2, 2016 and is uptrending. It has underperformed by 6.12% the S&P500.

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. Wunderlich maintained salesforce.com, inc. (NYSE:CRM) on Thursday, May 19 with “Buy” rating. The company was maintained on Thursday, September 1 by Wunderlich. The company was maintained on Thursday, May 19 by UBS. Credit Suisse maintained the stock with “Outperform” rating in Thursday, May 19 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, November 10. Brean Capital initiated salesforce.com, inc. (NYSE:CRM) on Tuesday, January 12 with “Buy” rating. Jefferies maintained the shares of CRM in a report on Thursday, September 17 with “Sell” rating. FBR Capital maintained it with “Outperform” rating and $82 target price in Saturday, August 22 report. Lake Street initiated the shares of CRM in a report on Monday, November 9 with “Buy” rating. Pacific Crest maintained the stock with “Overweight” rating in Thursday, November 19 report.

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.
Bnp Paribas Arbitrage reported 3.19 million shares or 1.14% of all its holdings. Hollencrest Securities Ltd Liability accumulated 3,229 shares or 0.04% of the stock. Moreover, Oregon Employees Retirement Fund has 0.12% invested in salesforce.com, inc. (NYSE:CRM) for 65,555 shares. Capital Impact Advsr Lc accumulated 0.7% or 18,871 shares. Crosslink Capital Incorporated last reported 2.84% of its portfolio in the stock. Pennsylvania Trust holds 0.3% or 46,454 shares in its portfolio. Landscape Ltd Llc has 4,064 shares for 0.04% of their US portfolio. The Massachusetts-based Wellington Mgmt Gp Ltd Liability Partnership has invested 0.18% in salesforce.com, inc. (NYSE:CRM). Camarda Advisors Limited Liability Corporation accumulated 0.04% or 875 shares. Paloma Partners Com reported 171,192 shares or 0.15% of all its holdings. Macquarie Grp accumulated 0.06% or 410,829 shares. Capital One Natl Association has 0.46% invested in the company for 70,359 shares. Moreover, State Treasurer State Of Michigan has 0.57% invested in salesforce.com, inc. (NYSE:CRM) for 919,284 shares. Johnson Finance Gru reported 6,764 shares or 0.07% of all its holdings. Stifel last reported 140,829 shares in the company.

Insider Transactions: Since April 5, 2016, the stock had 1 buying transaction, and 170 insider sales for $154.53 million net activity. $999,427 worth of salesforce.com, inc. (NYSE:CRM) was sold by Benioff Marc. The insider Harris Parker sold $366,053. 1,247 shares with value of $102,042 were sold by Conway Craig on Wednesday, June 15. TOMLINSON LAWRENCE also sold $127,056 worth of salesforce.com, inc. (NYSE:CRM) shares. Hawkins Mark J also sold $705,450 worth of salesforce.com, inc. (NYSE:CRM) shares. 10,000 shares were sold by BLOCK KEITH, worth $814,678 on Tuesday, July 19. Roos John Victor had sold 155 shares worth $12,710.

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 $49.19 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 234.02 P/E ratio. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices.

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