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

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

In today’s session salesforce.com, inc. (CRM) recorded an unusually high (1,051) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious CRM decrease. With 1,051 contracts traded and 88684 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: CRM170217P00070000 closed last at: $2.35 or 30.6% up. About 3.12 million shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 3.63% since April 25, 2016 and is downtrending. It has underperformed by 9.65% the S&P500.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on February, 22. They expect $0.06 EPS, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $41.67 million for 303.54 P/E if the $0.06 EPS becomes a reality. After $0.03 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

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 105 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Northland Capital given on Thursday, November 19. Brean Capital maintained it with “Buy” rating and $110 target price in Thursday, May 19 report. The company was maintained on Thursday, August 27 by Jefferies. The stock of salesforce.com, inc. (NYSE:CRM) earned “Outperform” rating by BMO Capital Markets on Thursday, September 1. The company was maintained on Thursday, September 3 by Canaccord Genuity. The company was maintained on Thursday, November 19 by Jefferies. The firm earned “Buy” rating on Friday, September 4 by William Blair. The firm has “Overweight” rating by Piper Jaffray given on Thursday, May 19. The firm has “Buy” rating given on Friday, August 28 by Roth Capital. Barclays Capital maintained the stock with “Overweight” 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 decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio dived, 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.
Cibc World Mkts holds 0% or 13,480 shares in its portfolio. Lombard Odier Transatlantic Limited Partnership reported 1,350 shares or 0.11% of all its holdings. Rs Inv Company Limited Liability Corporation accumulated 109,980 shares or 0.09% of the stock. Prtnrs Ltd Liability Co has 86,200 shares for 0.54% of their US portfolio. Cambridge Research Advsr has 0.03% invested in the company for 17,023 shares. Cim Investment Mangement holds 9,500 shares or 0.31% of its portfolio. Capstone Asset Mngmt Com has 0.15% invested in the company for 63,725 shares. The Virginia-based Davidson & Garrard Incorporated has invested 0.06% in salesforce.com, inc. (NYSE:CRM). Neville Rodie And Shaw Inc owns 45,595 shares or 0.43% of their US portfolio. Art Advisors Limited Com last reported 0.56% of its portfolio in the stock. Highbridge Management Lc last reported 24,390 shares in the company. Pathstone Family Office Ltd Liability Corp has invested 0.03% of its portfolio in salesforce.com, inc. (NYSE:CRM). Kistler owns 35 shares or 0% of their US portfolio. The Texas-based Highland Capital Management Ltd Partnership has invested 5.67% in salesforce.com, inc. (NYSE:CRM). Livingston Asset Mgmt (Operating As Southport Cap Management) reported 4,950 shares or 0.22% of all its holdings.

Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 162 selling transactions for $152.82 million net activity. Shares for $689,629 were sold by Hawkins Mark J on Monday, August 29. Benioff Marc sold 12,500 shares worth $1.00M. The insider Weaver Amy E sold $223,742. Dayon Alexandre sold $177,614 worth of stock or 2,166 shares. On Friday, July 22 the insider Robbins Cynthia G. sold $178,862. BLOCK KEITH also sold $1.62 million worth of salesforce.com, inc. (NYSE:CRM) on Thursday, August 4. $81,975 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Martinez Maria.

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 $50.60 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 247.61 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: Streetinsider.com which released: “Form 4 SALESFORCE COM INC For: Nov 22 Filed by: WEBB MAYNARD G JR” on August 28, 2013, also Profitconfidential.com with their article: “Salesforce.com, inc.: Something’s Not Right with CRM Stock” published on November 23, 2016, Marketwatch.com published: “Salesforce earnings: A waiting period before a fourth-quarter turnaround” on November 15, 2016. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Profitconfidential.com and their article: “CRM Stock: Expect a Muted Quarter from Salesforce.com, Inc.” published on November 17, 2016 as well as Nasdaq.com‘s news article titled: “Salesforce.com Inc Q3 Earnings Advance 22%” with publication date: November 17, 2016.

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