Maynard Webb Insider Sell
Maynard Webb - an insider in Salesforce Com Inc who is presently the director — made a sale of 30,000 shares of Salesforce Com Inc, with their total value being placed at precisely $US 2,074,692 calculated with average price per share of $US 69.2. And, It’s sure Maynard’s transaction isn’t going to remain ignored as he now is having rights to 43,941 shares - ( 0.01% of Salesforce Com Inc’s Market Cap ). This trade was conducted on October 01, 2015. A public report which was filed with the Washington-based Security and Exchange Commission and ready for use online here, shows more info for the trade.
Salesforce Com Inc Sentiment and Fundamentals
Due to the fact that this deal is considered a big one, traders can conclude that Mr. Maynard is either very pessimistic about the future of Salesforce Com Inc or the prospect of the stock price rising, or just sells for not company related reasons. Forty nine big league analysts see that for the financial year 2015, the earnings of the company will probably go up to $0.73 earnings for each share thus giving Salesforce Com Inc year on year growth rate of 30.64%. This gives the company a price-earnings ratio of 100.22.
So that we are confidently rating this stock a “SELL”, not just because of speculative reasons but because our time momentum system has shown us so. See the chart below. In the last 75 days, the stock price of Salesforce Com Inc has decreased 0.67% and it is in a strong and steady downtrend.
Institutional Ownership
Information from Q2 2015 SEC 13F filings, reveal 591 hedge funds and institutional investors holded Salesforce Com Inc. The tracked hedge funds have historically had an extremely high interest in the company in focus, and that was also the case in the last quarter. The institutional ownership was 86.56% of the stock’s outstanding shares. They decreased by 106.48 million the total shares they hold. As of that quarter these banks and asset managers owned 571.28 million shares. A total of 113 funds opened new positions in Salesforce Com Inc and 221 increased their holdings. There were 47 funds that closed their positions and 203 that reduced them.
This stock is held by 17 hedge funds in their Top 10 stock positions. They are: Empire Capital Management L.L.C., Symmetry Peak Management Llc, Tcw Group Inc, Segantii Capital Management Ltd, Balyasny Asset Management Llc, Highland Capital Management Lp, Mathes Company Inc., Ithaka Group Llc, Fort Point Capital Partners Llc, Sands Capital Management Llc.
Azimuth Capital Management Llc is the most positive institutional investor on Salesforce Com Inc, with ownership of 4,000 shares as of Q2 2015 for 0.03% of the fund’s portfolio. Ballentine Partners Llc is another positive asset manager possessing 3,162 shares of the company or 0.02% of their stocks portfolio. Moreover Dowling & Yahnke Llc have 0.10% of their stock portfolio invested in the company for 11,726 shares. The California-based fund Falcon Point Capital Llc disclosed it had purchased a stake worth 0.11% of the fund’s stock portfolio in Salesforce Com Inc. Forbes J M & Co Llp is also upbeat about the public company, with ownership of 106,929 shares or 2.00% of their stock portfolio.
salesforcecom inc NYSE:CRM Company Profile
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications. The Company offers consulting, deployment, training, implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices, on a subscription basis, primarily through its direct sales efforts and indirectly through partners.
Company Website: salesforcecom inc
At the moment its market worth is: $48.12 billion and it has 693.07 million shares outstanding. Today the company has 88.14% shareholders and the institutional ownership stands at 88.14%. The firm has 16000 employees. Salesforce Com Inc was incorporated in Delaware on 1999-02-03. The stock closed at $72.910004 yesterday and it had average 2 days volume of 1793439 shares. It is up from the 30 days average shares volume of 1437047. Salesforce Com Inc has a 52weeks low of $51.05 and a 52 weeks high of $78.46. The current price is above the 200 days simple moving average. Salesforce Com Inc last issued its quarterly earnings information on 08/20/2015. The company reported 0.05 EPS for the quarter, same as the consensus estimate of 0.05 . The company had a revenue of 1.63 billion for 7/31/2015 and 1.51 billion for 4/30/2015. Therefore, the revenue was 123.52 million up.
Maynard Webb is also director of Yahoo Inc, Visa Inc., Gartner Inc, Hyperion Solutions Corp.
* Pursuant to a 10b5-1 Plan.
* Weighted average price. These shares were sold in multiple transactions at prices ranging from $69.0604 to $69.32 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.
