Louisiana State Employees Retirement System Sells 2,100 Shares of Sprinklr, Inc. (NYSE:CXM)

Louisiana State Employees Retirement System lowered its position in Sprinklr, Inc. (NYSE:CXM) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,200 shares of the company’s stock after selling 2,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sprinklr were worth $450,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. CWM LLC increased its holdings in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Sprinklr by 12.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after purchasing an additional 2,450 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Sprinklr by 23.3% during the 1st quarter. ProShare Advisors LLC now owns 21,571 shares of the company’s stock valued at $265,000 after purchasing an additional 4,080 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $10.00 to $7.00 in a report on Monday, October 7th. Rosenblatt Securities decreased their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Wells Fargo & Company reduced their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Sprinklr Stock Down 6.1 %

NYSE CXM opened at $7.14 on Wednesday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 2.25 and a beta of 0.76. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $17.14. The stock has a fifty day simple moving average of $7.64 and a 200 day simple moving average of $9.32.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. Research analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the sale, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 338,480 shares of company stock worth $2,545,967. Insiders own 30.12% of the company’s stock.

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.