Quest Partners LLC Purchases 22,601 Shares of Sprinklr, Inc. (NYSE:CXM)

Quest Partners LLC increased its position in Sprinklr, Inc. (NYSE:CXM) by 103.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,441 shares of the company’s stock after purchasing an additional 22,601 shares during the quarter. Quest Partners LLC’s holdings in Sprinklr were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the period. Everence Capital Management Inc. bought a new position in shares of Sprinklr during the third quarter worth approximately $105,000. CIBC Asset Management Inc lifted 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 worth $120,000 after purchasing an additional 1,694 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Sprinklr in the 3rd quarter valued at $129,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Sprinklr in the 3rd quarter valued at $142,000. 40.19% of the stock is owned by institutional investors.

Insider Activity at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares of the company’s stock, valued at $3,515,255.01. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 4,282 shares of the business’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 $33,528.06. Following the sale, the insider now directly owns 390,940 shares in the company, valued at $3,061,060.20. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by insiders.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $8.30 on Tuesday. The firm has a market capitalization of $2.10 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 2.48 and a beta of 0.76. The firm’s 50 day moving average is $7.54 and its 200 day moving average is $8.88. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Rosenblatt Securities dropped their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. Finally, Scotiabank initiated coverage on shares of Sprinklr in a research note on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sprinklr has an average rating of “Hold” and an average target price 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.