Marc Benioff Insider Sell Transaction
Marc Benioff is the Chairman of the Board & CEO of salesforce.com, inc. (NYSE:CRM)
Salesforce Com Inc Stock Rating, Sentiment and Fundamentals
In case Salesforce Com Inc generates $0.71 for share as expected by forty eight expert analysts, it will have 102.24 PE ratio. Thus, the year over year growth rate is forecasted to be below 27.68%. It is difficult to make conclusions about Salesforce Com Inc’s future just from Marc Benioff’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Marc exercised options for 25,000 shares with average price 35.6, worth 890,625.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
In accordance with our live-tested trend-following model as depicted on the chart below and considering the fact that Marc has unloaded shares for such an enormous sum, we rate this stock “NEUTRAL”. In the last 200 days, Salesforce Com Inc’s price per share has risen by 37.91% and shows a strong bullish uptrend.
Price Chart of Salesforcecom Inc NYSE:CRM Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Famous stock speculators, who also include Leon Cooperman, once noted that the best returns are made when fundamental & technical analysis are combined. But with Salesforce Com Inc’s stock, it doesn’t look the analysis agree.
Hedge Funds Ownership
In the previous quarter 534 hedge funds own shares of Salesforce Com Inc. In the last quarter, the company had 89.82% institutional ownership. That is an extremely high interest. They decreased by 1.17 million the total shares they hold. As of that quarter these institutional and hedge funds owned 589.20 million shares. A total of 75 funds opened new positions in Salesforce Com Inc and 212 increased their holdings. There were 59 funds that closed their positions and 200 that reduced them.
As published by SEC’s 13F filings, 15 institutional advisors are long big Salesforce Com Inc as its in their Top 10 stock positions.
Adell Harriman & Carpenter Inc is the most positive institutional investor on Salesforce Com Inc, with ownership of 12,000 shares as of Q4 2014 for less than 0.01% of the fund’s portfolio. Azimuth Capital Management Llc is another positive institutional investor owning 4,000 shares of the company or 0.02% of their stocks portfolio. Further The Colorado-based fund Cetera Advisors Llc have 0.10% of their stock portfolio invested in the company for 17,751 shares. The California-based fund Dowling & Yahnke Llc revealed it had purchased a stake worth 0.06% of the fund’s stock portfolio in Salesforce Com Inc. The California-based fund First Republic Investment Management Inc. is also positive about the -listed company, with ownership of 224,698 shares or 0.16% of their stock portfolio.
salesforcecom inc NYSE:CRM Company Profile
salesforce.com, inc. is a provider of enterprise cloud computing solutions. The Company provides a customer relationship management (CRM), applications through the Internet or cloud. The Company delivers its service through Internet browsers and mobile devices. It markets its social enterprise applications and platforms to businesses on a subscription basis, primarily through its direct sales efforts and indirectly through partners. In May 2011, the Company acquired Radian6 Technologies Inc. In September 2011, the Company acquired Assistly. In August 2012, the Company acquired Buddy Media. On July 12, 2013, salesforce.com, inc. completed its acquisition of ExactTarget Inc. On September 4, 2012, the Company acquired for cash the outstanding stock of GoInstant, Inc. (GoInstant) a provider of co-browsing technology that allows two or more people to collaboratively browse the same website together.
Company Website: salesforcecom inc
As of writing its market worth is: $47.72 billion and it has 656.58 million shares outstanding. Now there are 91.62% shareholders and the institutional ownership stands at 91.62%. Salesforce Com Inc has 16000 employees. Salesforce Com Inc was filled in Delaware on 1999-02-03. The stock closed at $72.75 yesterday and it had average 2 days volume of 1185706 shares. It is down from the 30 days average shares volume of 1248818. Salesforce Com Inc has a 52w low of $50.21 and a one year high of $78.46. The stock price is above the 200 days Simple moving average. Salesforce Com Inc last issued its quarterly earnings information on 05/20/2015. The company reported 0.02 EPS for the quarter, above the consensus estimate of 0.01 by 0.01. The company had a revenue of 1.51 billion for 4/30/2015 and 1.44 billion for 1/31/2015. Therefore, the revenue was 66.56 million up.
Marc Benioff is also director of Cisco Systems, Inc.
* Pursuant to a 10b5-1 Plan.
* Weighted average price. These shares were sold in multiple transactions at prices ranging from $72.5423 to $73.3422 inclusive. The reporting person undertakes to provide to the issuer – any security holder of the issuer – or the staff of the Securities and Exchange Commission – upon request – full information regarding the number of shares sold at each separate price within the range set forth above.
* Weighted average price. These shares were sold in multiple transactions at prices ranging from $71.8000 to $72.7662 inclusive. The reporting person undertakes to provide to the issuer – any security holder of the issuer – or the staff of the Securities and Exchange Commission – upon request – full information regarding the number of shares sold at each separate price within the range set forth above.
* Option is exercisable and vests over four years at the rate of 25% on November 23 – 2011 – the first anniversary of the holder’s date of grant – with the balance vesting in equal monthly installments over the remaining 36 months.
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