Sprinklr, Inc. (NYSE:CXM) Stock Position Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in Sprinklr, Inc. (NYSE:CXM) by 76.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,632 shares of the company’s stock after selling 68,098 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Sprinklr were worth $159,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Sprinklr during the 2nd quarter worth $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in Sprinklr during the first quarter worth $494,000. Cerity Partners LLC raised its holdings in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after buying an additional 246,095 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Sprinklr by 31.7% in the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after buying an additional 165,000 shares during the last quarter. Finally, CWM LLC boosted 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. Institutional investors and hedge funds own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the topic of a number of recent analyst reports. Rosenblatt Securities cut their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Scotiabank started coverage on shares of Sprinklr in a research note on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 target price on the stock. Morgan Stanley cut their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, DA Davidson decreased their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.61.

Insiders Place Their Bets

In other news, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the sale, the insider now owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. This represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Manish Sarin sold 22,738 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the sale, the chief financial officer now owns 748,918 shares of the company’s stock, valued at $5,864,027.94. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 338,480 shares of company stock worth $2,545,967 over the last quarter. Company insiders own 30.12% of the company’s stock.

Sprinklr Trading Up 2.1 %

Shares of NYSE CXM opened at $8.41 on Tuesday. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.46 and a beta of 0.76. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $17.14. The business has a fifty day simple moving average of $7.57 and a 200 day simple moving average of $8.77.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) 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. On average, research analysts anticipate that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal 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.