Commonwealth Equity Services LLC Buys 2,450 Shares of Sprinklr, Inc. (NYSE:CXM)

Commonwealth Equity Services LLC boosted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 12.0% in the second quarter, Holdings Channel.com reports. The firm owned 22,854 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Commonwealth Equity Services LLC’s holdings in Sprinklr were worth $220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of Sprinklr during the first quarter worth about $28,000. CWM LLC grew its stake in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $115,000. D.A. Davidson & CO. bought a new stake in shares of Sprinklr in the fourth quarter worth $161,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Sprinklr during the first quarter worth $166,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Insider Transactions at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the transaction, the insider now owns 376,942 shares in the company, valued at approximately $2,951,455.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’s 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 transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the transaction, the insider now directly owns 376,942 shares in the company, valued at $2,951,455.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,937 shares of company stock worth $2,675,185. 30.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CXM. Stifel Nicolaus lowered their price target on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Cantor Fitzgerald dropped their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Citigroup reduced their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Finally, DA Davidson cut their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.30.

Sprinklr Price Performance

CXM stock opened at $7.55 on Thursday. Sprinklr, Inc. has a one year low of $7.23 and a one year high of $17.14. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a fifty day moving average price of $8.69 and a two-hundred day moving average price of $10.36.

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.