Kapitalo Investimentos Ltda Invests $15 Million in Salesforce Inc. $CRM

Key Points

• Kapitalo Investimentos Ltda has acquired 55,000 shares of Salesforce Inc. (CRM) valued at approximately $14.998 million, making it the 8th largest holding in their portfolio.
• Salesforce recently reported an EPS of $2.91 for the last quarter, exceeding analyst estimates by $0.13, alongside a revenue of $10.24 billion.
• The company plans to pay a quarterly dividend of $0.416 on October 9th, which represents an annualized yield of 0.7% and a payout ratio of 24.13%.

Kapitalo Investimentos Ltda purchased a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 55,000 shares of the CRM provider's stock, valued at approximately $14,998,000. Salesforce accounts for about 3.3% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 8th largest holding.

Several other large investors have also recently made changes to their positions in CRM. Vanguard Group Inc. raised its stake in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider's stock valued at $23,592,501,000 after acquiring an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Salesforce by 6.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider's stock worth $2,484,616,000 after purchasing an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Salesforce by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider's stock worth $2,419,037,000 after buying an additional 437,435 shares during the period. Nuveen LLC acquired a new stake in shares of Salesforce in the first quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Salesforce by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider's stock worth $1,707,316,000 after buying an additional 295,681 shares during the period. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Price Performance

Shares of NYSE:CRM traded up $2.55 during midday trading on Monday, hitting $249.64. The stock had a trading volume of 7,518,279 shares, compared to its average volume of 10,219,225. The company's 50-day moving average price is $250.58 and its 200-day moving average price is $262.38. The company has a market capitalization of $237.66 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $2.56 EPS. 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, equities research analysts predict that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Insider Transactions at Salesforce

In other news, 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 price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director owned 3,824 shares of the company's stock, valued at approximately $973,819.84. The trade was a 801.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $245.09, for a total transaction of $551,452.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company's stock, valued at approximately $2,919,406,936.39. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,250 shares of company stock valued at $18,844,155. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on CRM shares. Stephens lowered their price target on Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. lowered their price target on shares of Salesforce from $380.00 to $365.00 and set an "overweight" rating on the stock in a report on Thursday, September 4th. Robert W. Baird cut their target price on Salesforce from $365.00 to $325.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. Barclays decreased their price objective on shares of Salesforce from $347.00 to $316.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Finally, DA Davidson upgraded shares of Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 price target on the stock in a research report on Friday, August 15th. One investment 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.