Sprinklr, Inc. (NYSE:CXM) Stock Holdings Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its position in Sprinklr, Inc. (NYSE:CXM) by 20.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,948 shares of the company’s stock after purchasing an additional 12,237 shares during the quarter. MetLife Investment Management LLC’s holdings in Sprinklr were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CXM. Federated Hermes Inc. increased its stake in shares of Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares during the period. Solel Partners LP grew its holdings in Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. increased its position in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after acquiring an additional 827,375 shares during the period. Cerity Partners LLC raised its stake in Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after acquiring an additional 246,095 shares in the last quarter. Finally, 272 Capital LP acquired a new position in Sprinklr during the 2nd quarter worth $2,352,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Stock Up 1.4 %

Shares of NYSE CXM opened at $8.79 on Friday. The business has a fifty day simple moving average of $7.67 and a 200-day simple moving average of $8.68. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 54.97, a P/E/G ratio of 2.58 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.31.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a net margin of 5.59% and a return on equity of 7.54%. The company had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. As a group, sell-side analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CXM shares. DA Davidson lifted their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research report on Thursday. Barclays increased their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Finally, Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.05.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the transaction, the insider now directly owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. The trade was a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Arun Pattabhiraman sold 10,291 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,515,255.01. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by corporate insiders.

About Sprinklr

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.