Carrera Capital Advisors Acquires 1,365 Shares of Salesforce Inc. $CRM

Carrera Capital Advisors lifted its holdings in Salesforce Inc. (NYSE:CRM) by 167.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,182 shares of the CRM provider’s stock after buying an additional 1,365 shares during the period. Carrera Capital Advisors’ holdings in Salesforce were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co raised its stake in Salesforce by 46.7% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 22,000 shares of the CRM provider’s stock worth $5,999,000 after acquiring an additional 7,000 shares during the period. Sage Mountain Advisors LLC raised its stake in Salesforce by 9.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 4,805 shares of the CRM provider’s stock worth $1,310,000 after acquiring an additional 415 shares during the period. Lee Danner & Bass Inc. bought a new stake in Salesforce during the 2nd quarter worth approximately $5,377,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Salesforce by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,724,424 shares of the CRM provider’s stock worth $742,923,000 after acquiring an additional 173,447 shares during the period. Finally, West Michigan Advisors LLC raised its stake in Salesforce by 551.1% during the 2nd quarter. West Michigan Advisors LLC now owns 13,419 shares of the CRM provider’s stock worth $3,660,000 after acquiring an additional 11,358 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $259.01, for a total value of $582,772.50. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at $3,085,216,004.71. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 78,750 shares of company stock valued at $19,424,880 in the last ninety days. Insiders own 3.00% of the company’s stock.

Salesforce Stock Down 0.0%

NYSE:CRM opened at $254.93 on Friday. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00. The company has a market cap of $242.69 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. The stock has a fifty day simple moving average of $246.53 and a 200-day simple moving average of $258.07. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.56 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent research reports. Sanford C. Bernstein cut their target price on shares of Salesforce from $255.00 to $221.00 and set an “underperform” rating for the company in a report on Thursday, September 4th. Piper Sandler reissued an “overweight” rating and issued a $315.00 target price on shares of Salesforce in a report on Thursday, October 16th. Northland Securities downgraded Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price target for the company. in a research report on Tuesday, October 14th. Morgan Stanley raised their price target on Salesforce from $404.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Wells Fargo & Company lowered their price target on Salesforce from $275.00 to $265.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Twenty-five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.23.

Salesforce Company Profile

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.