The stock of salesforce.com, inc. (NYSE:CRM) is a huge mover today! About 3.22 million shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 0.71% since April 11, 2016 and is downtrending. It has underperformed by 6.86% the S&P500.
The move comes after 9 months positive chart setup for the $49.21B company. It was reported on Nov, 11 by Barchart.com. We have $98.49 PT which if reached, will make NYSE:CRM worth $16.24B more.
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. Salesforce.com has been the topic of 101 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by S&P Research on Monday, August 24. The firm has “Buy” rating given on Thursday, June 2 by SunTrust. The firm earned “Overweight” rating on Thursday, May 19 by Barclays Capital. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Tuesday, August 25 by Roth Capital. The firm has “Buy” rating given on Thursday, September 1 by Wunderlich. The firm has “Outperform” rating by Macquarie Research given on Thursday, May 19. The stock has “Overweight” rating given by Barclays Capital on Thursday, September 1. RBC Capital Markets maintained it with “Outperform” rating and $90 target price in Monday, November 16 report. The firm earned “Buy” rating on Thursday, May 19 by Canaccord Genuity. On Thursday, May 19 the stock rating was maintained by UBS with “Buy”.
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 improved, 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.
Hollencrest Lc accumulated 0.04% or 3,229 shares. Bremer Association holds 0.16% or 7,240 shares in its portfolio. Arrowgrass Cap Partners (Us) L P accumulated 425,014 shares or 0.36% of the stock. The Japan-based Mitsubishi Ufj Secs Communications Limited has invested 0.28% in salesforce.com, inc. (NYSE:CRM). Wfg Advsrs Lp holds 0.01% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 702 shares. Blue Bell Private Wealth Mngmt Limited Liability has invested 0.04% of its portfolio in salesforce.com, inc. (NYSE:CRM). Sands Capital Management Ltd accumulated 22.90M shares or 5.62% of the stock. Brown Advisory has 1.92% invested in the company for 6.88 million shares. Crestwood Limited Liability Corporation has 3,255 shares for 0.03% of their US portfolio. First Personal Ser, a North Carolina-based fund reported 302 shares. Trillium Asset Mgmt Ltd holds 0.74% or 140,568 shares in its portfolio. Cullen Frost Bankers last reported 206,019 shares in the company. Taylor Frigon Cap Mngmt Llc last reported 22,686 shares in the company. State Of Wisconsin Invest Board, a Wisconsin-based fund reported 896,008 shares. The Maryland-based Chevy Chase Trust Hldgs has invested 0.24% in salesforce.com, inc. (NYSE:CRM).
Insider Transactions: Since May 12, 2016, the stock had 3 insider purchases, and 180 selling transactions for $159.03 million net activity. On Wednesday, June 1 WEBB MAYNARD G JR sold $24,621 worth of the stock or 300 shares. $12,390 worth of salesforce.com, inc. (NYSE:CRM) was sold by Roos John Victor on Tuesday, August 16. Martinez Maria had sold 1,022 shares worth $81,975 on Monday, August 29. $406,939 worth of salesforce.com, inc. (NYSE:CRM) was sold by Harris Parker on Tuesday, July 19. 37,500 salesforce.com, inc. (NYSE:CRM) shares with value of $3.10 million were sold by Benioff Marc. Weaver Amy E sold $82,957 worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 25. Allanson Joe had sold 173 shares worth $14,431.
More recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “Salesforce.com, Inc.: This Could Push CRM Stock Sky-High” on October 19, 2016. Also Profitconfidential.com published the news titled: “Salesforce.com, Inc.: This is Why the Bears Control CRM Stock” on October 28, 2016. Fool.com‘s news article titled: “Twitter, Inc. Stock Falls as salesforce.com Walks Away From Bid” with publication date: October 14, 2016 was also an interesting one.
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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