Kera Capital Partners Inc. Makes New Investment in Salesforce Inc. $CRM

Key Points

• Kera Capital Partners Inc. acquired a new stake in Salesforce Inc. by purchasing 1,061 shares valued at approximately $289,000.
• Salesforce reported a quarterly earnings per share (EPS) of $2.91, exceeding analysts' expectations, with revenue reaching $10.24 billion.
• The company announced a quarterly dividend of $0.416 per share, representing an annualized dividend yield of 0.7%.

Kera Capital Partners Inc. bought a new stake in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,061 shares of the CRM provider's stock, valued at approximately $289,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Coign Capital Advisors LLC increased its stake in Salesforce by 1.7% in the first quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider's stock valued at $586,000 after purchasing an additional 37 shares during the last quarter. Staley Capital Advisers Inc. increased its stake in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider's stock valued at $897,000 after purchasing an additional 38 shares during the last quarter. KDT Advisors LLC increased its stake in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider's stock valued at $260,000 after purchasing an additional 38 shares during the last quarter. Liberty One Investment Management LLC increased its stake in Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider's stock valued at $849,000 after purchasing an additional 39 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in Salesforce by 7.3% during the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider's stock worth $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Down 1.5%

CRM traded down $3.60 on Friday, reaching $242.68. The company's stock had a trading volume of 8,382,442 shares, compared to its average volume of 9,753,270. The stock has a market cap of $231.03 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. Salesforce Inc. has a 1 year low of $226.48 and a 1 year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The business's 50 day moving average is $253.21 and its 200 day moving average is $264.50.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. As a group, research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. Salesforce's dividend payout ratio is currently 24.13%.

Insider Transactions at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total value of $578,295.00. Following the completion of the transaction, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $3,061,511,978.42. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Blair Kirk bought 3,400 shares of Salesforce stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares in the company, valued at $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 70,577 shares of company stock valued at $18,005,778 in the last three months. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Canaccord Genuity Group dropped their price target on Salesforce from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. JPMorgan Chase & Co. dropped their price target on Salesforce from $380.00 to $365.00 and set an "overweight" rating for the company in a research note on Thursday, September 4th. Bank of America dropped their price target on Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Royal Bank Of Canada dropped their price target on Salesforce from $275.00 to $250.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Finally, Northland Securities dropped their price target on Salesforce from $423.00 to $396.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average target price of $332.58.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.