Does SALESFORCE.COM Inc (NYSE:CRM) Have Gas After Even More Sellers Involved?

May 24, 2018 - By Dolores Ford

salesforce.com, inc. (NYSE:CRM) Logo

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.15, from 1.34 in 2017Q3. It worsened, as 39 investors sold salesforce.com, inc. shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported.
Bp Public Limited holds 0.38% in salesforce.com, inc. (NYSE:CRM) or 105,000 shares. Koshinski Asset Mngmt Inc has invested 0.51% in salesforce.com, inc. (NYSE:CRM). Dsc Advsrs L P has invested 0.25% in salesforce.com, inc. (NYSE:CRM). 11,233 are held by Riverhead Cap Mgmt Lc. Korea Inv holds 0.2% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 423,305 shares. Goodman Financial owns 358 shares or 0.02% of their US portfolio. Moreover, Eastern Savings Bank has 1.13% invested in salesforce.com, inc. (NYSE:CRM) for 165,313 shares. 29,800 are owned by Peloton Wealth Strategists. Jennison Associates Limited Liability, New York-based fund reported 17.89 million shares. New Mexico Educational Retirement Board holds 65,636 shares or 0.25% of its portfolio. Northeast Consultants holds 2,009 shares or 0.07% of its portfolio. Pension Service holds 0.3% or 585,923 shares in its portfolio. Franklin Res Inc holds 3.43M shares. Kornitzer Capital Ks stated it has 147,841 shares. Mogy Joel R Inv Counsel has invested 3% in salesforce.com, inc. (NYSE:CRM).

Since December 11, 2017, it had 4 buys, and 174 sales for $134.27 million activity. On Tuesday, March 27 Harris Parker sold $222,222 worth of salesforce.com, inc. (NYSE:CRM) or 1,850 shares. Another trade for 5,000 shares valued at $535,657 was made by Benioff Marc on Tuesday, February 13. Martinez Maria sold $26,187 worth of salesforce.com, inc. (NYSE:CRM) on Sunday, February 25. Hawkins Mark J sold $4.13 million worth of stock. 10,000 salesforce.com, inc. (NYSE:CRM) shares with value of $1.23M were sold by BLOCK KEITH. Wojcicki Susan also bought $677,468 worth of salesforce.com, inc. (NYSE:CRM) shares.

The stock of SALESFORCE.COM Inc (NYSE:CRM) registered an increase of 9.74% in short interest. CRM’s total short interest was 19.47M shares in May as published by FINRA. Its up 9.74% from 17.74 million shares, reported previously. With 4.27M shares average volume, it will take short sellers 5 days to cover their CRM’s short positions. The short interest to SALESFORCE.COM Inc’s float is 2.84%.

The stock increased 2.11% or $2.65 during the last trading session, reaching $128.09. About 4.30M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since May 24, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company has market cap of $95.16 billion. The firm offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices, as well as solutions for partner relationship management. It has a 753.47 P/E ratio. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as connects their service agents with clients on various devices; and Marketing Cloud to plan, personalize, and optimize one-to-one customer interactions.

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

Among 28 analysts covering Salesforce.com (NYSE:CRM), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Salesforce.com had 41 analyst reports since January 10, 2018 according to SRatingsIntel. Cowen & Co maintained salesforce.com, inc. (NYSE:CRM) on Thursday, March 1 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $142 target in Thursday, March 1 report. Credit Suisse maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, March 21. Credit Suisse has “Buy” rating and $135.0 target. As per Friday, March 2, the company rating was maintained by Morgan Stanley. Credit Suisse maintained it with “Outperform” rating and $150 target in Friday, May 4 report. The company was maintained on Thursday, March 1 by Canaccord Genuity. As per Monday, February 26, the company rating was maintained by Oppenheimer. Barclays Capital maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, March 1. Barclays Capital has “Overweight” rating and $130 target. Credit Suisse maintained salesforce.com, inc. (NYSE:CRM) on Thursday, March 1 with “Outperform” rating. Citigroup maintained salesforce.com, inc. (NYSE:CRM) rating on Wednesday, February 21. Citigroup has “Buy” rating and $130 target.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Fool.com which released: “Salesforce.com Won’t Be Running Out of Steam Anytime Soon” on May 20, 2018, also Investorplace.com with their article: “Salesforce.com, Inc. Stock Is Headed for the Clouds. Go Long Now.” published on May 07, 2018, Seekingalpha.com published: “What Does Cap Ex Spending Tell Us About Oracle’s Future Cloud Growth?” on May 23, 2018. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Bizjournals.com and their article: “Salesforce unveils new offices in San Francisco’s tallest building, Salesforce Tower” published on May 22, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Houlihan Lokey, BearTooth Advisors, NYSE, Stacey Cunningham, Adobe, Magento” with publication date: May 22, 2018.

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart

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