salesforce.com, inc. Stock Price Could Go Down After Today’s Bearish Options Activity

 salesforce.com, inc. Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session salesforce.com, inc. (CRM) recorded an unusually high (686) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CRM decrease. With 686 contracts traded and 30704 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CRM170120P00067500 closed last at: $2.12 or 17.1% up. About 1.89 million shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 0.28% since April 5, 2016 and is downtrending. It has underperformed by 2.24% the S&P500.

salesforce.com, inc. (NYSE:CRM) Ratings Coverage

Out of 43 analysts covering Salesforce.com (NYSE:CRM), 38 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 88% are positive. $115 is the highest target while $18 is the lowest. The $90.73 average target is 17.91% above today’s ($76.95) stock price. Salesforce.com has been the topic of 101 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Pacific Crest given on Thursday, November 19. Mizuho maintained the shares of CRM in a report on Thursday, September 1 with “Buy” rating. The firm has “Hold” rating by TheStreet given on Saturday, August 22. The stock has “Buy” rating given by Brean Capital on Thursday, May 19. The firm earned “Overweight” rating on Friday, April 1 by Piper Jaffray. The stock of salesforce.com, inc. (NYSE:CRM) has “Neutral” rating given on Friday, November 20 by DA Davidson. Pivotal Research upgraded it to “Buy” rating and $82 target price in Friday, August 21 report. The firm has “Buy” rating by Wunderlich given on Thursday, May 19. Wunderlich initiated salesforce.com, inc. (NYSE:CRM) on Wednesday, September 16 with “Buy” rating. Wunderlich maintained the stock with “Buy” rating in Thursday, November 19 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 Q2 2016. 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.
Hills Commercial Bank And Trust Com accumulated 8,455 shares or 0.25% of the stock. Commonwealth Bank Of holds 0% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 1,755 shares. Everence Mgmt holds 0.37% or 15,195 shares in its portfolio. Ftb Advisors has 315 shares for 0% of their US portfolio. Metropolitan Life Ins Commerce Ny accumulated 358,161 shares or 0.21% of the stock. Guggenheim Limited Liability accumulated 1.04 million shares or 0.26% of the stock. Natixis Asset Mgmt last reported 8,792 shares in the company. Signaturefd Lc has invested 0.02% of its portfolio in salesforce.com, inc. (NYSE:CRM). Chevy Chase Trust Inc last reported 545,225 shares in the company. Commerzbank Aktiengesellschaft Fi accumulated 78,803 shares or 0.04% of the stock. The New York-based Pinebridge Limited Partnership has invested 0.03% in salesforce.com, inc. (NYSE:CRM). Bnp Paribas Inv accumulated 0.22% or 332,557 shares. Hhr Asset Mngmt Llc last reported 1.02 million shares in the company. Horizon Kinetics Limited Liability Company holds 0.01% or 5,288 shares in its portfolio. Morgan Stanley has 0.41% invested in the company for 14.31 million shares.

Insider Transactions: Since May 10, 2016, the stock had 2 insider purchases, and 178 insider sales for $158.18 million net activity. 10,000 shares with value of $814,771 were sold by BLOCK KEITH on Tuesday, June 14. 400 shares were sold by Conway Craig, worth $31,732. Benioff Marc had sold 12,500 shares worth $1.02 million on Friday, July 15. Harris Parker sold $165,755 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25. Robbins Cynthia G. also sold $105,974 worth of salesforce.com, inc. (NYSE:CRM) shares. $75,367 worth of salesforce.com, inc. (NYSE:CRM) was sold by Allanson Joe on Thursday, August 25. The insider Martinez Maria sold $198,885.

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 $52.60 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 247.94 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: Profitconfidential.com which released: “Salesforce.com, Inc.: This is Why the Bears Control CRM Stock” on October 28, 2016, also Profitconfidential.com with their article: “Salesforce.com, Inc.: This Could Push CRM Stock Sky-High” published on October 19, 2016, Fool.com published: “Twitter, Inc. Stock Falls as salesforce.com Walks Away From Bid” on October 14, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Fool.com and their article: “How Salesforce.com, Inc. Fell 10.2% in September” published on October 11, 2016 as well as Investorplace.com‘s news article titled: “Why Salesforce.com, Inc. (CRM) Should Still Buy Twitter Inc” with publication date: October 11, 2016.

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