What’s Propelling salesforce.com, inc. to Increase So Much?

 What's Propelling salesforce.com, inc. to Increase So Much?

In today’s session salesforce.com, inc. (CRM) registered an unusually high (1,463) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CRM increase. With 1,463 contracts traded and 41024 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CRM161021C00070000 closed last at: $1.84 or 37.6% down. About 4.50M shares traded hands. salesforce.com, inc. (NYSE:CRM) has risen 2.84% since March 14, 2016 and is uptrending. It has underperformed by 2.77% 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. Pacific Crest maintained the shares of CRM in a report on Saturday, August 22 with “Overweight” rating. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Wednesday, August 19 by Oppenheimer. The firm earned “Neutral” rating on Thursday, August 27 by BNP Paribas. The firm has “Overweight” rating by Morgan Stanley given on Thursday, September 1. Wunderlich maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, November 19. Wunderlich has “Buy” rating and $93 price target. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Lake Street on Thursday, November 19. The firm earned “Underperform” rating on Thursday, November 19 by Bernstein. Barclays Capital maintained it with “Overweight” rating and $89 target price in Thursday, May 19 report. The rating was maintained by Morgan Stanley with “Overweight” on Saturday, August 22. TheStreet upgraded salesforce.com, inc. (NYSE:CRM) on Saturday, August 22 to “Hold” rating.

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 Q2 2016. 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.
Cim Invest Mangement Inc last reported 9,500 shares in the company. The Pennsylvania-based Pitcairn has invested 0.65% in salesforce.com, inc. (NYSE:CRM). Brown Advisory owns 6.88M shares or 1.92% of their US portfolio. Calamos Wealth Mngmt Lc holds 0.2% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 14,269 shares. Jane Street Gru Limited Liability Corp, a New York-based fund reported 40,769 shares. First Personal Financial Services last reported 302 shares in the company. Monetta Fin Svcs last reported 0.38% of its portfolio in the stock. The Kansas-based Waddell And Reed Financial has invested 0.23% in salesforce.com, inc. (NYSE:CRM). Fred Alger Mgmt has 2.69 million shares for 1.13% of their US portfolio. Cg Asset Mngmt Ltd Liability owns 30,390 shares or 0.97% of their US portfolio. River Mercantile Asset Llp has 0.02% invested in the company for 650 shares. Moreover, Bnp Paribas Invest Prtn Sa has 0.22% invested in salesforce.com, inc. (NYSE:CRM) for 332,557 shares. Renaissance Technologies Ltd Com, a New York-based fund reported 1.81M shares. Stanley owns 12,594 shares or 0.39% of their US portfolio. Bartlett Limited Com accumulated 0% or 109 shares.

Insider Transactions: Since April 18, 2016, the stock had 2 insider purchases, and 175 selling transactions for $159.89 million net activity. Roos John Victor sold $12,518 worth of stock. Harris Parker also sold $67,086 worth of salesforce.com, inc. (NYSE:CRM) on Wednesday, May 25. BLOCK KEITH also sold $814,678 worth of salesforce.com, inc. (NYSE:CRM) on Tuesday, July 19. Benioff Marc had sold 25,000 shares worth $2.09 million. Martinez Maria sold 1,022 shares worth $81,975. Conway Craig sold $30,724 worth of stock or 400 shares. $178,543 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Dayon Alexandre.

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 $52.51 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 234.89 P/E ratio. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices.

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.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Fool.com which released: “Twitter, Inc. Stock Falls as salesforce.com Walks Away From Bid” on October 14, 2016, also Fool.com with their article: “How Salesforce.com, Inc. Fell 10.2% in September” published on October 11, 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: Profitconfidential.com and their article: “Salesforce.com Inc.: The No. 1 Reason to Be Bullish on CRM Stock” published on October 06, 2016 as well as Fool.com‘s news article titled: “Can Salesforce.com Afford a Twitter Inc Acquisition?” with publication date: October 02, 2016.

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