GSA Capital Partners LLP Purchases New Shares in Sprinklr, Inc. (NYSE:CXM)

GSA Capital Partners LLP acquired a new position in Sprinklr, Inc. (NYSE:CXM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,642 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the period. Federated Hermes Inc. raised its position in shares of Sprinklr by 107,818.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Solel Partners LP lifted its stake in Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after buying an additional 827,375 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in Sprinklr during the 2nd quarter worth approximately $2,352,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Performance

CXM stock opened at $8.30 on Tuesday. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $17.14. The firm has a market cap of $2.10 billion, a PE ratio of 46.11, a PEG ratio of 2.48 and a beta of 0.76. The firm’s 50 day moving average price is $7.54 and its 200-day moving average price is $8.88.

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

Insider Buying and Selling at Sprinklr

In other news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Manish Sarin sold 22,738 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $178,038.54. Following the completion of the sale, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 over the last 90 days. 30.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson decreased their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Citigroup lowered their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. KeyCorp decreased their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and an average price target of $9.61.

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.