Sprinklr, Inc. (NYSE:CXM) Holdings Lowered by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its stake in Sprinklr, Inc. (NYSE:CXM) by 2.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,600 shares of the company’s stock after selling 1,500 shares during the quarter. Kovack Advisors Inc.’s holdings in Sprinklr were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CXM. Cadian Capital Management LP boosted its holdings in shares of Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after buying an additional 3,355,566 shares during the period. Vanguard Group Inc. lifted its position in shares of Sprinklr by 13.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock valued at $161,618,000 after acquiring an additional 1,399,510 shares in the last quarter. TFG Asset Management GP Ltd boosted its stake in Sprinklr by 15.8% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock worth $26,488,000 after purchasing an additional 300,000 shares during the period. Kettle Hill Capital Management LLC purchased a new position in Sprinklr during the 4th quarter worth approximately $12,889,000. Finally, Stanley Laman Group Ltd. raised its stake in Sprinklr by 1,185.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after purchasing an additional 964,333 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 373,236 shares of company stock valued at $4,492,985 over the last quarter. Insiders own 30.12% of the company’s stock.

Sprinklr Stock Up 2.6 %

NYSE CXM opened at $10.05 on Friday. The stock has a market capitalization of $2.67 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. Sprinklr, Inc. has a 12-month low of $8.33 and a 12-month high of $17.14. The company has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $11.87.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $195.96 million during the quarter, compared to analyst estimates of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. As a group, equities analysts anticipate that Sprinklr, Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. DA Davidson cut Sprinklr from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $9.00 in a research report on Thursday, June 6th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Monday. Cantor Fitzgerald downgraded Sprinklr from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $10.00 in a report on Thursday, June 6th. Morgan Stanley reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Finally, Rosenblatt Securities lowered their price objective on shares of Sprinklr from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.80.

About Sprinklr

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.