Today’s Short Interest Alert: What’s Propelling SALESFORCE.COM Incorporated (NYSE:CRM) After Higher Shorts Reported?

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Today's Short Interest Alert: What’s Propelling SALESFORCE.COM Incorporated (NYSE:CRM) After Higher Shorts Reported?

The stock of SALESFORCE.COM Incorporated (NYSE:CRM) registered an increase of 9.25% in short interest. CRM’s total short interest was 19.76 million shares in November as published by FINRA. Its up 9.25% from 18.09M shares, reported previously. With 5.37 million shares average volume, it will take short sellers 4 days to cover their CRM’s short positions. The short interest to SALESFORCE.COM Incorporated’s float is 3.05%. About 638,344 shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 3.65% since April 27, 2016 and is downtrending. It has underperformed by 8.87% the S&P500.

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 $50.57 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 246.69 P/E ratio. The Firm delivers its solutions as a service through all the Internet browsers and on mobile devices.

Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.06, from 1.19 in 2016Q1. The ratio is negative, 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.
Aviance Cap Mgmt Ltd Company holds 8,032 shares or 0.02% of its portfolio. Glg Ltd Liability Co, a New York-based fund reported 37,725 shares. Lombard Odier Asset (Usa) Corp has 1.03% invested in the company for 107,551 shares. Essex Fincl Svcs last reported 0.09% of its portfolio in the stock. Westfield Mngmt L P accumulated 1.74 million shares or 1.14% of the stock. Da Davidson And, a Montana-based fund reported 4,010 shares. Signaturefd Ltd Llc last reported 0.02% of its portfolio in the stock. Pitcairn has 63,433 shares for 0.65% of their US portfolio. Atwood Palmer, a Missouri-based fund reported 348 shares. Ladenburg Thalmann Fincl Service accumulated 11,802 shares or 0.01% of the stock. Pennsylvania Tru Com has invested 0.3% of its portfolio in salesforce.com, inc. (NYSE:CRM). Sumitomo Mitsui Asset Mngmt Limited has 0.52% invested in the company for 216,079 shares. Cap One National Association has 70,359 shares for 0.46% of their US portfolio. Moreover, Ar Schmeidler And has 1.64% invested in salesforce.com, inc. (NYSE:CRM) for 91,988 shares. Mackenzie Fin Corporation holds 56,892 shares or 0.03% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 3 insider buys, and 170 selling transactions for $152.84 million net activity. The insider Conway Craig sold $102,042. Another trade for 12,500 shares valued at $956,963 was made by Benioff Marc on Tuesday, November 8. 5,000 shares were sold by Harris Parker, worth $350,631. 10,000 shares were sold by BLOCK KEITH, worth $815,705 on Tuesday, July 12. 8,625 shares were sold by Hawkins Mark J, worth $722,235. $243,557 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Martinez Maria. Allanson Joe had sold 1,311 shares worth $95,743.

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 company was maintained on Thursday, May 19 by Citigroup. The stock of salesforce.com, inc. (NYSE:CRM) has “Overweight” rating given on Thursday, May 19 by Piper Jaffray. On Saturday, August 22 the stock rating was upgraded by TheStreet to “Hold”. The firm earned “Hold” rating on Tuesday, August 25 by Wedbush. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Tuesday, August 25 by Roth Capital. On Wednesday, August 19 the stock rating was upgraded by Vetr to “Buy”. The firm earned “Hold” rating on Friday, August 28 by Wedbush. The stock of salesforce.com, inc. (NYSE:CRM) earned “Sell” rating by Jefferies on Thursday, September 17. The firm has “Neutral” rating by DA Davidson given on Saturday, August 22. The rating was initiated by BTIG Research with “Buy” on Thursday, September 10.

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 recent salesforce.com, inc. (NYSE:CRM) news were published by: Marketwatch.com which released: “Salesforce earnings: A waiting period before a fourth-quarter turnaround” on November 15, 2016. Also Profitconfidential.com published the news titled: “Salesforce.com, inc.: Something’s Not Right with CRM Stock” on November 23, 2016. Investorplace.com‘s news article titled: “Salesforce.com, Inc. (CRM) Stock Cruises on Yet Another Beat” with publication date: November 18, 2016 was also an interesting one.

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By Hazel Jackson

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