Marc Benioff Sells 37500 Shares of salesforce.com, inc.
Nov 19 2015
On Friday, November 13th, Marc Benioff sold 25,000 shares of salesforce.com, inc. stock. For the stock to regain its momentum, Salesforce needs a investor positive reaction to its earnings report after the closing bell on Wednesday.
According to SEC's 13F filings, the company is in Top 10 stock holdings of 17 institutional managers. 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.
Shares held in The G. Parker Harris III Exempt GST Family Trust. "Year-to-Date the stock performance stands at 27.47%".
Not alone on Friday the 13th, Salesforce rivals Oracle (NYSE:ORCL) fell 3.4%, SAP (NYSE:SAP) 1.5% and Microsoft (NASDAQ:MSFT) nearly 1% on a bad day for the market overall. Therefore, the revenue was 123.52 million up.
Pursuant to a 10b5-1 Plan. The shares were sold at $75.60 per share for a total value of $30,240.00.
CRM has been the subject of several other reports.
Craig Conway, director of Salesforce Com Incsold 400 shares on Nov 16, 2015. Its up 0.23, from 1.11 in 2015Q1.
Salesforce began the year above a "golden cross" that was confirmed on October 2, 2014, when the stock closed at $56.64. The Massachusetts-based fund Forbes J M & Co Llp was also a big supporter of the company, owning 106,929 shares. The business offers six core cloud services including community management, customer service and support, marketing automation, sales force automation, analytics plus a cloud platform for building custom programs. The Company offers implementation, deployment, training, consulting and integration services to its customers to ease the adoption of its cloud alternatives.
Most recently Salesforce.com Inc reported actual earnings of $0.05 per share for the quarter ending on 2015-07-31. The brokerage presently has an "outperform" rating on the CRM provider's stock. Investors should watch out for further signals and trade with caution.salesforce.com, inc. is up 2.11% in the last 3-month period. It’s down 15.71 % from Q1 2015.
Salesforce Com Inc was formed in Delaware on 1999-02-03. The firm has 16000 employees. Canaccord Genuity maintained it with "Buy" rating and $85 target price in a September 3 report. For example, if a company forecasts future profitability, the estimated P/E will be lower than the current P/E. P/E is calculated by dividing the market price per share by the expected earnings per share, and also referred to as price-to-earnings. salesforce.com, inc. has a P/S of 8.43 and a P/G of.
The 50-day moving average is $76.3 and the 200 day moving average is recorded at $72.89. This represents a 2.256% difference between analyst expectations and the SALESFORCE.COM Incorporated achieved in its quarterly earnings. The CRM provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.01.
Salesforce.com is the market and technology leader in on-demand business services.
The Company provides its solutions as a service on mobile devices and through most of the Internet browsers, on a subscription basis, primarily through its direct sales efforts and through associates.