Reasons for Marc Benioff’s Shares Unload of salesforce.com, inc. (CRM)’s Stock; Aac Holdings (AAC) Sellers Decreased By 10.31% Their Shorts

AAC Holdings, Inc. (NYSE:AAC) Logo

Aac Holdings Inc (NYSE:AAC) had a decrease of 10.31% in short interest. AAC’s SI was 2.19 million shares in April as released by FINRA. Its down 10.31% from 2.44M shares previously. With 141,300 avg volume, 16 days are for Aac Holdings Inc (NYSE:AAC)’s short sellers to cover AAC’s short positions. The SI to Aac Holdings Inc’s float is 21.05%. The stock increased 2.69% or $0.29 during the last trading session, reaching $11.07. About 38,711 shares traded. AAC Holdings, Inc. (NYSE:AAC) has risen 37.72% since April 17, 2017 and is uptrending. It has outperformed by 26.17% the S&P500.

Among 4 analysts covering AAC Holdings Inc (NYSE:AAC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. AAC Holdings Inc has $40 highest and $6 lowest target. $10’s average target is -9.67% below currents $11.07 stock price. AAC Holdings Inc had 14 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James to “Strong Buy” on Monday, August 15. The firm has “Buy” rating given on Wednesday, May 25 by Mizuho. Mizuho upgraded AAC Holdings, Inc. (NYSE:AAC) rating on Wednesday, November 16. Mizuho has “Neutral” rating and $9 target. On Monday, September 21 the stock rating was maintained by William Blair with “Buy”. The rating was maintained by Cantor Fitzgerald with “Overweight” on Thursday, September 14. The stock has “Outperform” rating by William Blair on Friday, August 21. The company was downgraded on Wednesday, November 9 by Mizuho. The firm has “Neutral” rating by Mizuho given on Tuesday, May 30. The firm earned “Neutral” rating on Thursday, November 3 by Mizuho. As per Monday, August 3, the company rating was initiated by Mizuho.

Investors sentiment increased to 2.65 in Q4 2017. Its up 1.35, from 1.3 in 2017Q3. It is positive, as 6 investors sold AAC Holdings, Inc. shares while 11 reduced holdings. 18 funds opened positions while 27 raised stakes. 15.25 million shares or 50.03% more from 10.17 million shares in 2017Q3 were reported. Morgan Stanley has 951,297 shares for 0% of their portfolio. Citadel Ltd Liability Corp has 28,910 shares for 0% of their portfolio. Royal Savings Bank Of Canada reported 3,485 shares or 0% of all its holdings. Citigroup Inc owns 183 shares or 0% of their US portfolio. Employees Retirement Sys Of Texas owns 0.01% invested in AAC Holdings, Inc. (NYSE:AAC) for 130,000 shares. Dimensional Fund Advsr L P reported 32,525 shares stake. Spark Inv Management Limited Liability Company holds 0.02% or 31,923 shares in its portfolio. Df Dent Inc owns 843,334 shares for 0.19% of their portfolio. Texas-based Stephens Gp Limited Liability Com has invested 0.22% in AAC Holdings, Inc. (NYSE:AAC). Woodmont Invest Counsel Limited Liability Co stated it has 63,318 shares. Raymond James And Assocs stated it has 21,680 shares. Gsa Cap Limited Liability Partnership holds 0.09% or 165,900 shares. Legal And General Grp Inc Plc invested in 1,782 shares or 0% of the stock. Apollo Management L P holds 230,033 shares or 0.03% of its portfolio. Prtn Limited Liability Corporation stated it has 0.01% of its portfolio in AAC Holdings, Inc. (NYSE:AAC).

AAC Holdings, Inc. provides inpatient substance abuse treatment services for individuals with drug and alcohol addiction in the United States. The company has market cap of $270.77 million. The Company’s therapy services include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy, eye movement desensitization and reprocessing, and systematic family intervention services. It currently has negative earnings. As of December 31, 2016, the firm operated 12 residential substance abuse treatment facilities, 18 standalone outpatient centers, and 202 sober living beds.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.15, from 1.34 in 2017Q3. It dropped, as 39 investors sold salesforce.com, inc. shares while 274 reduced holdings. 110 funds opened positions while 261 raised stakes. 608.21 million shares or 0.25% less from 609.74 million shares in 2017Q3 were reported. Inv House Limited Liability Company has invested 0.06% in salesforce.com, inc. (NYSE:CRM). Glynn Capital Mngmt Llc invested in 301,169 shares or 6.62% of the stock. Coastline Tru reported 0.15% in salesforce.com, inc. (NYSE:CRM). Brown Mgmt Lc has 0.01% invested in salesforce.com, inc. (NYSE:CRM) for 5,475 shares. Dubuque Savings Bank And Tru invested in 0.05% or 3,226 shares. Zeke Cap Advsrs Lc reported 15,481 shares. Bokf Na owns 36,208 shares for 0.1% of their portfolio. California Public Employees Retirement System has 1.55M shares. Rampart Inv Ltd owns 9,208 shares or 0.36% of their US portfolio. Brown Advisory accumulated 4.76 million shares. Hitchwood Capital Management Ltd Partnership owns 3.83% invested in salesforce.com, inc. (NYSE:CRM) for 1.00M shares. Captrust Fincl stated it has 0.03% in salesforce.com, inc. (NYSE:CRM). Perkins Coie, Washington-based fund reported 319 shares. Eastern Bankshares reported 1.13% of its portfolio in salesforce.com, inc. (NYSE:CRM). Stephens Invest Group Inc Inc Ltd Liability Corp reported 0.07% in salesforce.com, inc. (NYSE:CRM).

Based on an average price per share of $119.6, Marc Benioff, the Salesforce Com Inc’s Chairman of the Board and CEO made a sale of 5,000 shares of Salesforce Com Inc worth exactly $598,088 U.S Dollars. He also unloaded 100,000 shares with a market value $11,893,330 USD in the last 30 days. The selling was completed on 16/04/2018 and was disclosed inside a document at the (SEC)’s website. The prospect that the sell remains ignored are extremely little owing to the enormous amount of money involved. Now, Marc Benioff owns 33.20 million shares which make up about 4.53% of the company’s total market capitalization.

Among 55 analysts covering Salesforce.com (NYSE:CRM), 49 have Buy rating, 1 Sell and 5 Hold. Therefore 89% are positive. Salesforce.com has $152 highest and $18 lowest target. $116.12’s average target is -2.76% below currents $119.41 stock price. Salesforce.com had 231 analyst reports since August 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $100.0 target in Sunday, August 20 report. Stifel Nicolaus maintained the shares of CRM in report on Wednesday, November 8 with “Buy” rating. The rating was maintained by Barclays Capital with “Buy” on Wednesday, March 21. Jefferies maintained the shares of CRM in report on Thursday, August 27 with “Sell” rating. Goldman Sachs maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, November 22 with “Buy” rating. The rating was maintained by Wedbush with “Hold” on Tuesday, August 25. On Thursday, May 19 the stock rating was maintained by Brean Capital with “Buy”. The firm has “Hold” rating by Pivotal Research given on Wednesday, November 22. As per Thursday, November 19, the company rating was maintained by Barclays Capital. TH Capital maintained the stock with “Buy” rating in Thursday, November 19 report.

The stock increased 0.34% or $0.4 during the last trading session, reaching $119.41. About 4.46M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 39.46% since April 17, 2017 and is uptrending. It has outperformed by 27.91% the S&P500.

Analysts await salesforce.com, inc. (NYSE:CRM) to report earnings on May, 17. They expect $0.18 EPS, up 200.00% or $0.12 from last year’s $0.06 per share. CRM’s profit will be $131.93M for 165.85 P/E if the $0.18 EPS becomes a reality. After $0.15 actual EPS reported by salesforce.com, inc. for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Since October 17, 2017, it had 3 insider purchases, and 145 insider sales for $101.30 million activity. Harris Parker sold 1,750 shares worth $217,788. Benioff Marc sold $541,060 worth of stock or 5,000 shares. 143 shares valued at $17,160 were sold by Roos John Victor on Thursday, April 12. 10,000 shares valued at $1.20M were sold by Martinez Maria on Thursday, April 5. $1.20M worth of salesforce.com, inc. (NYSE:CRM) was sold by BLOCK KEITH. Another trade for 6,000 shares valued at $766,939 was bought by Wojcicki Susan. The insider Hawkins Mark J sold $110,027.

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company has market cap of $87.52 billion. The firm offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices, as well as solutions for partner relationship management. It has a 702.41 P/E ratio. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as connects their service agents with clients on various devices; and Marketing Cloud to plan, personalize, and optimize one-to-one customer interactions.

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart