SALESFORCE.COM Incorporated (NYSE:CRM) Shorted Shares Increased 2.97% After Market Selling

November 21, 2017 - By Migdalia James

 SALESFORCE.COM Incorporated (NYSE:CRM) Shorted Shares Increased 2.97% After Market Selling

Investors sentiment increased to 1.38 in 2017 Q2. Its up 0.18, from 1.2 in 2017Q1. It improved, as 50 investors sold salesforce.com, inc. shares while 226 reduced holdings. 89 funds opened positions while 293 raised stakes. 611.55 million shares or 1.94% more from 599.94 million shares in 2017Q1 were reported.
Teacher Retirement Of Texas reported 471,839 shares or 0.28% of all its holdings. Bremer Trust Natl Association stated it has 0.16% in salesforce.com, inc. (NYSE:CRM). 1832 Asset Management Limited Partnership holds 0% or 400 shares in its portfolio. Timber Hill Ltd Liability holds 9,884 shares. Oakworth Cap holds 24 shares. Ing Groep Nv has invested 0.08% in salesforce.com, inc. (NYSE:CRM). 201 are owned by Valley Advisers Incorporated. Lombard Odier Asset (Europe) holds 0.04% or 7,503 shares in its portfolio. Sheets Smith Wealth reported 0.14% of its portfolio in salesforce.com, inc. (NYSE:CRM). 118,244 are owned by Cornerstone Capital Limited Liability. Atlanta Cap stated it has 0.04% in salesforce.com, inc. (NYSE:CRM). Polar Cap Llp holds 505,497 shares. Highbridge Capital Management Llc invested 0.18% in salesforce.com, inc. (NYSE:CRM). Moreover, Advisor Prtnrs Lc has 0.17% invested in salesforce.com, inc. (NYSE:CRM). Swiss National Bank & Trust has invested 0.25% of its portfolio in salesforce.com, inc. (NYSE:CRM).

Since May 22, 2017, it had 1 insider buy, and 42 selling transactions for $76.23 million activity. Benioff Marc also sold $905,015 worth of salesforce.com, inc. (NYSE:CRM) shares. 8,027 shares were sold by Harris Parker, worth $700,850. Conway Craig had sold 1,000 shares worth $85,990. $89,987 worth of salesforce.com, inc. (NYSE:CRM) shares were sold by Hawkins Mark J. Shares for $99,976 were bought by Wojcicki Susan on Monday, June 5. Shares for $57,886 were sold by Dayon Alexandre on Tuesday, May 23.

The stock of SALESFORCE.COM Incorporated (NYSE:CRM) registered an increase of 2.97% in short interest. CRM’s total short interest was 18.12M shares in November as published by FINRA. Its up 2.97% from 17.60 million shares, reported previously. With 3.57M shares average volume, it will take short sellers 5 days to cover their CRM’s short positions. The short interest to SALESFORCE.COM Incorporated’s float is 2.7%.

About 2.55M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 7.78% since November 21, 2016 and is uptrending. It has underperformed by 8.92% the S&P500.

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management . The company has market cap of $78.41 billion. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. It currently has negative earnings. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

salesforce.com, inc. (NYSE:CRM) Ratings Coverage

Among 51 analysts covering Salesforce.com (NYSE:CRM), 45 have Buy rating, 1 Sell and 5 Hold. Therefore 88% are positive. Salesforce.com had 179 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 21 by Pivotal Research. The rating was maintained by Roth Capital with “Buy” on Tuesday, August 25. As per Friday, November 3, the company rating was maintained by BMO Capital Markets. The company was maintained on Wednesday, November 8 by Stifel Nicolaus. The stock of salesforce.com, inc. (NYSE:CRM) earned “Buy” rating by Suntrust Robinson on Tuesday, June 27. BMO Capital Markets maintained salesforce.com, inc. (NYSE:CRM) rating on Friday, November 18. BMO Capital Markets has “Outperform” rating and $90 target. DA Davidson maintained the shares of CRM in report on Saturday, August 22 with “Neutral” rating. The firm earned “Buy” rating on Thursday, November 19 by Needham. Barclays Capital maintained salesforce.com, inc. (NYSE:CRM) rating on Thursday, February 25. Barclays Capital has “Overweight” rating and $72 target. Cowen & Co maintained it with “Buy” rating and $100.0 target in Wednesday, September 20 report.

More notable recent salesforce.com, inc. (NYSE:CRM) news were published by: Seekingalpha.com which released: “Salesforce: 3 Reasons For Refreshing The Bull Thesis” on October 23, 2017, also Nasdaq.com with their article: “Partnerships & Buyouts to Drive Salesforce (CRM) Q3 Earnings” published on November 17, 2017, Digitaljournal.com published: “salesforce.com, inc. to Host Earnings Call” on November 21, 2017. More interesting news about salesforce.com, inc. (NYSE:CRM) were released by: Streetinsider.com and their article: “salesforce.com, inc.” published on November 06, 2017 as well as Reuters.com‘s news article titled: “Salesforce, Google form cloud partnership” with publication date: November 06, 2017.

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