Keith Block Sells 10000 Shares of Salesforce.com Inc (CRM) Stock

Marco Green
November 14, 2017

Investors sentiment decreased to 1.08 in Q2 2017. Its up 0.18, from 1.2 in 2017Q1.

Investment analysts at Drexel Hamilton assumed coverage on shares of Salesforce.com Inc. 31 funds opened positions while 92 raised stakes.

Analysts await salesforce.com, inc. Great West Life Assurance Can owns 482,125 shares. Magnetar Financial Ltd Llc holds 23,160 shares. With short interest at 17,602,323 and short average daily volume at 2,952,701, days to cover is 6.0 and the percentage of shorted shares is 0.02% as of October 13. (NYSE:CRM) for 2,889 shares. Fisher Asset Ltd Com reported 117,140 shares. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%.

The price-to-book ratio of 8.87 for Salesforce.com, inc. California State Teachers Retirement Systems holds 0.23% of its portfolio in salesforce.com, inc. Van Eck Associates Corp, a New York-based fund reported 28.97 million shares. Savant Cap Lc invested 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM). Sigma Planning holds 0.04% of its portfolio in salesforce.com, inc. Fort Point Cap Prtnrs Limited Liability invested 4.81% of its portfolio in salesforce.com, inc.

Since May 15, 2017, it had 1 insider buy, and 65 selling transactions for $85.55 million activity.

On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock. (NYSE:CRM) on Friday, June 2. 1,100 salesforce.com, inc. (NYSE:CRM) shares with value of $99,976 were bought by Wojcicki Susan. Martinez Maria had sold 247 shares worth $22,439. About 3,500 shares traded. $72,677 worth of salesforce.com, inc. (NYSE:CRM) was sold by Harris Parker. It also demonstrates a stable dividend policy for Salesforce.com, inc. connected to the long-run, with viable earnings. (NYSE:CRM) was sold by Norton Burke F. In order to determine directional movement, the 50-day and 200-day moving averages for Salesforce.com, inc. The last close places the company's stock about $0.37 off its 52 week high of $1.35 and $0.54 above the 52 week low of $0.44. This indicates more upside for the $76.05B company. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. Finally, Winslow Capital Management LLC grew its holdings in shares of Salesforce.com by 12.0% during the second quarter. (NYSE:CRM) are 2.46%; 8.79% for the month; 16.61% for the last quarter; 17.19% for the past six-months; and 42.93% for the last 12 months. Agf Inc has 0.16% invested in J2 Global Inc (NASDAQ:JCOM). The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.24. CRM's profit will be $100.61M for 188.96 P/E if the $0.14 EPS becomes a reality. Equity analyst J P Morgan Chase & Co released guidance on CRM with a rating of "Buy" and a price target of $120.00. Therefore 88% are positive. Royal Bank Of Canada restated a buy rating and set a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Robert W. Baird initiated J2 Global Inc (NASDAQ:JCOM) rating on Wednesday, August 31. Also, the Hold rating count is 4 as of 11/10/17. The firm has "Buy" rating by Wunderlich given on Thursday, September 1. FBR Capital maintained J2 Global Inc (NASDAQ:JCOM) rating on Wednesday, August 5.

Salesforce.com (NYSE CRM) traded up $1.64 on Thursday, hitting $105.24. Canaccord Genuity maintained the shares of CRM in report on Wednesday, August 23 with "Buy" rating.

In an overview of the current analyst recommendations, Buy count is 39 and Overweight is 2 while the number of analysts recommending Sell and Underweight are 0 and 1, respectively. Finally, CI Investments Inc. acquired a new position in Salesforce.com during the third quarter worth about $7,085,000. The firm has "Hold" rating by Pivotal Research given on Thursday, January 12. Stifel Nicolaus lifted their target price on Salesforce.com from $105.00 to $110.00 and gave the stock a buy rating in a report on Wednesday, August 23rd. (CRM) has risen 7.78% since November 13, 2016 and is uptrending. 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 stock has a market capitalization of $75,950.00, a price-to-earnings ratio of 526.20, a P/E/G ratio of 10.44 and a beta of 1.23.

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