Sprinklr, Inc. (NYSE:CXM) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its position in Sprinklr, Inc. (NYSE:CXM) by 33.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,267 shares of the company’s stock after selling 15,961 shares during the period. AQR Capital Management LLC’s holdings in Sprinklr were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Sprinklr in the first quarter valued at approximately $883,000. Virtu Financial LLC purchased a new position in shares of Sprinklr in the fourth quarter worth $173,000. SG Americas Securities LLC purchased a new position in shares of Sprinklr in the second quarter worth $553,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Sprinklr in the first quarter worth $494,000. Finally, Vanguard Group Inc. raised its holdings in shares of Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after buying an additional 3,575,001 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr 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 owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr 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 sale, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the sale, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 338,220 shares of company stock valued at $2,548,988. Corporate insiders own 30.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CXM shares. Cantor Fitzgerald decreased their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. KeyCorp decreased their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Citigroup decreased their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Morgan Stanley decreased their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company reduced their target price on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a report 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 given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $7.29 on Thursday. The firm has a fifty day moving average price of $8.06 and a 200 day moving average price of $9.75. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14. The stock has a market cap of $1.93 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.

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

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.