Lombard Odier Asset Management USA Corp Invests $277,000 in Sprinklr, Inc. (NYSE:CXM)

Lombard Odier Asset Management USA Corp acquired a new stake in shares of Sprinklr, Inc. (NYSE:CXM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,748 shares of the company’s stock, valued at approximately $277,000.

A number of other large investors also recently bought and sold shares of the business. RK Capital Management LLC grew its stake in Sprinklr by 29.0% in the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock worth $6,190,000 after acquiring an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after purchasing an additional 27,652 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Sprinklr during the 1st quarter worth $883,000. Victory Capital Management Inc. raised its position in Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after purchasing an additional 3,322 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Sprinklr during the 4th quarter valued at $161,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Down 2.5 %

Shares of CXM stock opened at $7.55 on Tuesday. Sprinklr, Inc. has a 12-month low of $7.23 and a 12-month high of $17.14. The business’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $10.46. The company has a market cap of $2.00 billion, a PE ratio of 35.95, a PEG ratio of 2.23 and a beta of 0.78.

Analyst Ratings Changes

CXM has been the topic of several research reports. Barclays cut their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. KeyCorp cut their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. DA Davidson cut their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Stifel Nicolaus lowered their target price on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus target price of $10.30.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was 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 directly owns 514,799 shares in the company, valued at $3,794,068.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ragy Thomas sold 12,902 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 transaction of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The disclosure for this sale can be found here. Insiders have sold a total of 351,937 shares of company stock worth $2,675,185 in the last ninety days. 30.12% of the stock is owned by insiders.

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.