Sprinklr, Inc. (NYSE:CXM) Stock Holdings Decreased by Algert Global LLC

Algert Global LLC lessened its position in Sprinklr, Inc. (NYSE:CXM) by 92.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,176 shares of the company’s stock after selling 158,735 shares during the quarter. Algert Global LLC’s holdings in Sprinklr were worth $117,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Sprinklr in the first quarter worth $28,000. CWM LLC boosted its position in 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 during the period. CIBC Asset Management Inc grew its stake in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sprinklr in the first quarter worth approximately $166,000. Finally, Virtu Financial LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $173,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Citigroup reduced their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Morgan Stanley cut their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, KeyCorp lowered their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.00.

Sprinklr Trading Up 1.3 %

NYSE CXM opened at $7.24 on Friday. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14. The company has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $9.88. The company has a market cap of $1.83 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.10 and a beta of 0.76.

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

Insider Buying and Selling at Sprinklr

In other news, insider Diane Adams sold 12,915 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ragy Thomas sold 12,902 shares of Sprinklr stock in a transaction dated Monday, September 16th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the transaction, the insider now directly owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,937 shares of company stock valued at $2,675,185 in the last 90 days. 30.12% of the stock is currently owned by insiders.

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.