Marc Benioff Insider Sell
The insider, and Salesforce Com Inc’s Chairman of the Board & CEO, Marc Benioff, made a sale of 37,500 company shares on 01-10-2015, that are worth $2,608,504 (at $69.6 for each share). He also sold 250,000 shares with a total value $17,559,440 USD in the last month. And, It’s sure Marc’s deal isn’t going to stay undiscovered as he today is holding 37.66 million shares - ( 5.43% of Salesforce Com Inc’s Market Cap ). Dated 01-10-2015 the deal filing is free at your disposal here.
Salesforce Com Inc Sentiment and Fundamentals
And also, numbers provided by forty nine analysts who research Salesforce Com Inc states that the price to earnings ratio will be 100.22 if the EPS is $0.73. Salesforce Com Inc is expected to have earnings per share growth rate of 30.64% Year-Over-Year. 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 37,500 shares with average price 35.6, worth 1.34 million.
In the last 75 days Salesforce Com Inc’s stock price has dived 0.67% and currently is in weak downtrend. OctaFinance’s time-momentum model, coupled with Marc Benioff’s new stock sell, certainly helps us to grade this stock a SELL.
Institutional Ownership
Review of SEC 13F filings reveal that 591 institutional investors hold Salesforce Com Inc. Our tracked institutional players have historically had an extremely high interest in the company’s stock, and that was also the case in Q2 2015. The institutional ownership was 86.56% of the stock’s outstanding shares. Its down 15.71% from Q1 2015. These institutional investors decreased the total shares they own by 106.48 million to 571.28 million this quarter. A total of 47 funds closed their positions in Salesforce Com Inc and 203 reduced their holdings. There were 113 funds that created new positions and 221 funds that added to their positions.
According to SEC’s 13F filings, 17 hedge funds are positive about the firm as its in their Top 10 stock positions.
Azimuth Capital Management Llc had the greatest investment with ownership of 4,000 shares as of Q2 2015 for 0.03% of the fund’s portfolio. Ballentine Partners Llc is another positive player owning 3,162 shares of the company or 0.02% of their stocks portfolio. The California-based fund Dowling & Yahnke Llc have 0.10% of their stock portfolio invested in the company for 11,726 shares. Moreover, The California-based fund Falcon Point Capital Llc disclosed it had purchased a stake worth 0.11% of the fund’s stock portfolio in the company. Forbes J M & Co Llp was also a notable believer in the firm, possessing 106,929 shares. Salesforce Com Inc is 2.00% of the fund’s 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
Salesforce Com Inc was founded in Delaware on 1999-02-03. Salesforce Com Inc has 16000 employees. As of writing its market cap is: $48.12 billion and it has 693.07 million shares outstanding. Now there are 88.14% shareholders and the institutional ownership stands at 88.14%. 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 52w high of $78.46. The stock price is above the 200 days Simple moving average. Salesforce Com Inc last issued its quarterly earnings report 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.
Marc Benioff is also director of Cisco Systems, Inc., 10 percent owner of Fitbit Inc.
* Pursuant to a 10b5-1 Plan.
* Weighted average price. These shares were sold in multiple transactions at prices ranging from $67.7800 to $68.7500 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 $68.7800 to $69.6000 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 $67.9400 to $68.9200 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 $68.9400 to $69.5300 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 $68.7800 to $69.7400 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 $70.4300 to $70.7400 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 $70.7800 to $71.6400 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 $71.7900 to $72.7550 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 $72.8100 to $72.9300 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.
