Solel Partners LP Buys 1,176,726 Shares of Sprinklr, Inc. (NYSE:CXM)

Solel Partners LP raised its stake in Sprinklr, Inc. (NYSE:CXM) by 46.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,692,963 shares of the company’s stock after buying an additional 1,176,726 shares during the quarter. Sprinklr accounts for about 5.8% of Solel Partners LP’s holdings, making the stock its 10th biggest holding. Solel Partners LP’s holdings in Sprinklr were worth $35,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lombard Odier Asset Management USA Corp bought a new stake in shares of Sprinklr during the second quarter valued at approximately $277,000. Public Sector Pension Investment Board boosted its position in Sprinklr by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 263,661 shares of the company’s stock valued at $2,536,000 after buying an additional 21,281 shares during the last quarter. Sei Investments Co. boosted its position in Sprinklr by 4.1% in the 2nd quarter. Sei Investments Co. now owns 192,815 shares of the company’s stock valued at $1,855,000 after buying an additional 7,682 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of Sprinklr by 52.2% in the 2nd quarter. WINTON GROUP Ltd now owns 103,685 shares of the company’s stock valued at $997,000 after buying an additional 35,583 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Insider Transactions at Sprinklr

In related news, insider Diane Adams sold 4,282 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 $33,528.06. Following the sale, the insider now directly owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at approximately $3,515,255.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diane Adams sold 4,282 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 $33,528.06. Following the transaction, the insider now directly owns 390,940 shares of the company’s stock, valued at $3,061,060.20. The disclosure for this sale can be found here. Insiders sold 351,937 shares of company stock valued at $2,675,185 over the last quarter. Corporate insiders own 30.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus lowered their price target on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Barclays cut their price objective on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Rosenblatt Securities lowered their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Finally, DA Davidson dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.30.

Sprinklr Stock Down 2.5 %

Shares of NYSE CXM opened at $7.55 on Tuesday. Sprinklr, Inc. has a twelve month low of $7.23 and a twelve month high of $17.14. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 35.95, a P/E/G ratio of 2.23 and a beta of 0.78. The company’s fifty day moving average is $8.77 and its 200-day moving average is $10.42.

Sprinklr 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.