November 25, 2016 - By Peter Erickson · 0 Comments
Salesforce Com Inc (NYSE:CRM) institutional sentiment decreased to 1.13 in 2016 Q2. Its down -0.06, from 1.19 in 2016Q1. The ratio turned negative, as 352 investment professionals opened new or increased positions, while 295 cut down and sold stakes in Salesforce Com Inc. The investment professionals in our partner’s database now own: 582.56 million shares, down from 588.62 million shares in 2016Q1. Also, the number of investment professionals holding Salesforce Com Inc in their top 10 positions increased from 29 to 32 for an increase of 3. Sold All: 50 Reduced: 245 Increased: 276 New Position: 76.
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 $50.27 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 250.6 P/E ratio. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices.
The stock decreased 0.28% or $0.21 during the last trading session, hitting $73.73. About 2.34M shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 3.31% since April 22, 2016 and is downtrending. It has underperformed by 8.72% the S&P500.
Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on February, 22. They expect $0.06 earnings per share, up 500.00% or $0.05 from last year’s $0.01 per share. CRM’s profit will be $40.91 million for 307.21 P/E if the $0.06 EPS becomes a reality. After $0.03 actual earnings per share reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
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.”
Tybourne Capital Management Hk Ltd holds 9.74% of its portfolio in salesforce.com, inc. for 2.36 million shares. Glynn Capital Management Llc owns 276,808 shares or 7.17% of their US portfolio. Moreover, Ao Asset Management Llc has 7.06% invested in the company for 339,500 shares. The Maryland-based Ithaka Group Llc has invested 5.89% in the stock. Magee Thomson Investment Partners Llc, a California-based fund reported 207,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 168 insider sales for $156.92 million net activity.
Ratings analysis reveals 91% of Salesforce.com’s analysts are positive. Out of 43 Wall Street analysts rating Salesforce.com, 39 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $18 while the high is $115. The stock’s average target of $91.11 is 23.57% above today’s ($73.73) share price. CRM was included in 105 notes of analysts from August 21, 2015. As per Tuesday, August 25, the company rating was maintained by Roth Capital. On Thursday, May 19 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Thursday, February 25 by FBR Capital. As per Thursday, June 2, the company rating was maintained by SunTrust. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 1 report. The stock has “Neutral” rating given by DA Davidson on Saturday, August 22. The firm earned “Buy” rating on Thursday, September 1 by Wunderlich. The stock of salesforce.com, inc. (NYSE:CRM) has “Hold” rating given on Tuesday, February 9 by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 25. The stock of salesforce.com, inc. (NYSE:CRM) earned “Overweight” rating by Morgan Stanley on Saturday, August 22.
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 important recent salesforce.com, inc. (NYSE:CRM) news were published by: Profitconfidential.com which released: “Salesforce.com, inc.: Something’s Not Right with CRM Stock” on November 23, 2016, also Profitconfidential.com published article titled: “CRM Stock: Expect a Muted Quarter from Salesforce.com, Inc.”, 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) was released by: Nasdaq.com and their article: “Salesforce.com Inc Q3 Earnings Advance 22%” with publication date: November 17, 2016.
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By Peter Erickson