Virtu Financial LLC Purchases Shares of 14,389 Sprinklr, Inc. (NYSE:CXM)

Virtu Financial LLC acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,389 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds also recently modified their holdings of the company. Cadian Capital Management LP boosted its position in Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after purchasing an additional 1,399,510 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at approximately $12,889,000. Stanley Laman Group Ltd. grew its stake in shares of Sprinklr by 1,185.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after buying an additional 964,333 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Sprinklr by 234.5% during the third quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock worth $10,731,000 after acquiring an additional 543,588 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Insider Activity

In related news, major shareholder R David Tabors sold 319,405 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.10, for a total transaction of $3,864,800.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the transaction, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 373,236 shares of company stock worth $4,492,985. Corporate insiders own 30.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CXM shares. DA Davidson downgraded shares of Sprinklr from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $9.00 in a research report on Thursday, June 6th. Stifel Nicolaus lowered their price target on Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. JMP Securities reduced their target price on Sprinklr from $22.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, June 6th. Rosenblatt Securities dropped their price target on Sprinklr from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, Wells Fargo & Company cut their price target on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr has an average rating of “Hold” and a consensus price target of $12.80.

Sprinklr Stock Performance

CXM opened at $8.73 on Monday. The stock has a fifty day moving average of $11.16 and a 200-day moving average of $12.02. The company has a market capitalization of $2.32 billion, a P/E ratio of 41.57, a P/E/G ratio of 1.46 and a beta of 0.84. Sprinklr, Inc. has a fifty-two week low of $8.33 and a fifty-two week high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $194.21 million for the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. On average, equities research analysts predict that Sprinklr, Inc. will post 0.19 earnings per share for the current fiscal year.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.