Kercheville Advisors LLC Makes New $1.47 Million Investment in Salesforce Inc. $CRM

Key Points

• Kercheville Advisors purchased 6,400 Salesforce shares worth approximately $1.47 million during the third quarter. Institutional investors and hedge funds collectively own 80.43% of the company.
• Salesforce reported quarterly earnings of $5.90 per share, exceeding estimates of $3.27, while revenue rose 10.8% year over year to $11.35 billion.
• Analysts maintain a generally positive outlook, with Salesforce carrying a “Moderate Buy” consensus rating and an average price target of $278.40, compared with a recent share price of $242.77.

Kercheville Advisors LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,400 shares of the CRM provider's stock, valued at approximately $1,469,000.

A number of other large investors have also bought and sold shares of CRM. Abel Hall LLC bought a new stake in Salesforce in the 3rd quarter valued at about $320,000. RWQ Financial Management Services Inc. bought a new position in shares of Salesforce in the 3rd quarter worth $4,607,000. Independent Wealth Network Inc. bought a new stake in Salesforce during the 3rd quarter valued at $255,000. BDF Gestion bought a new stake in Salesforce during the 3rd quarter valued at $2,806,000. Finally, Client 1ST Advisory Group LLC acquired a new position in Salesforce during the third quarter worth $257,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the business's stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares of the company's stock, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares of the company's stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by corporate insiders.

Salesforce Stock Performance

Shares of Salesforce stock traded up $2.07 on Monday, reaching $242.77. 7,038,715 shares of the company traded hands, compared to its average volume of 13,517,932. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50 day moving average of $232.38 and a 200 day moving average of $195.29. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The firm has a market capitalization of $199.80 billion, a PE ratio of 22.13, a PEG ratio of 1.09 and a beta of 1.26.

Salesforce (NYSE:CRM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same period in the previous year, the company posted $2.91 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities analysts forecast that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, September 17th. Salesforce's payout ratio is currently 16.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Guggenheim boosted their target price on shares of Salesforce from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, September 17th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Salesforce in a research report on Thursday, August 27th. Morgan Stanley set a $315.00 price objective on Salesforce in a report on Wednesday, September 2nd. BMO Capital Markets lifted their target price on Salesforce from $250.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. Finally, Canaccord Genuity Group upped their price target on Salesforce from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $278.40.

Salesforce Profile

Salesforce, Inc NYSE: CRM is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company's products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.

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