Salesforce's Stock Drop: Insider Selling or Just Another Day in the Market Circus?
Alright, so $CRM is down 5% today. Big whoop. In a market as rigged as this, does anyone really think daily fluctuations mean anything?
The Usual Suspects
Let's look at the "data," shall we? Almost $2 billion in trading volume. Sounds impressive until you realize that's probably algorithms trading with themselves. And Quiver Quantitative says it's the 110th most-searched ticker? Out of ten thousand? That just tells me bored day traders are chasing the shiny object of the day.
The REAL story, as always, is hidden in the insider trading. And what do we see there? Oh, just a casual fire sale by the very people who are supposed to believe in the company. Benioff, that slickster, dumped almost 200,000 shares for nearly $50 million. The Chief Eng/Cust Success Officer (try saying that three times fast) cashed out over $2 million. President and CLO, President and CRO, even the EVP & Chief Accounting Officer...they're all hitting the exits.
Only one guy, David Blair Kirk, bought shares. Probably some junior exec who hasn't learned the game yet. Or maybe he knows something we don't? Nah.
I mean, give me a break. If the ship wasn't sinking, would the captain be grabbing a lifeboat full of cash?
And the hedge funds? A virtual tie. 1,453 added, 1,454 decreased. That's not conviction; that's just noise. It’s like a bunch of lemmings running in slightly different directions.
Oh, and Congress is getting in on the action too, offcourse. 8 buys, 7 sells. So, business as usual. I bet they're all using inside information, but who's gonna stop them?
Analyst Fantasies
Then you have the Wall Street analysts. Sixteen "buy" ratings and one "sell." One! Does anyone actually listen to these clowns? They're either paid to shill for the company, or they're so far removed from reality they think Salesforce is still some kind of revolutionary force.
Patrick Walravens at JMP Securities thinks $CRM is going to $430. Seriously? Is he smoking something? Gil Luria from DA Davidson is the only one with half a brain, pegging it at $225. But even that feels optimistic.
The median price target is $322.50. A complete joke. It's like they're all living in a parallel universe where Salesforce is still growing at 30% a year.
My garbage company raised their rates again. I swear, if they think I'm paying another dime... Sorry, where was I? Oh yeah, Salesforce.
All these "experts" are missing the point. Salesforce is bloated, bureaucratic, and losing relevance faster than you can say "AI-powered customer relationship management." They expect us to believe this nonsense, and honestly...
The Real Question
But here's the question nobody seems to be asking: what's Salesforce actually selling these days? Is it still about helping businesses connect with customers, or is it just a giant data-mining operation disguised as a "customer success platform"? And are customers actually succeeding, or are they just getting locked into expensive contracts they can't escape?
Because if it's the latter, all the AI in the world ain't gonna save them.
So, What's the Real Story?
It's the same old song and dance. Insiders cash out, analysts pump up the stock, and retail investors get left holding the bag. Salesforce might be a great company, or it might be a house of cards. Either way, I ain't touching it with a ten-foot pole.
