Corton Capital Inc. Buys Shares of 34,504 Sprinklr, Inc. $CXM

Corton Capital Inc. bought a new stake in Sprinklr, Inc. (NYSE:CXM) in the second quarter, Holdings Channel.com reports. The institutional investor bought 34,504 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Versor Investments LP lifted its stake in Sprinklr by 326.1% in the second quarter. Versor Investments LP now owns 88,200 shares of the company’s stock valued at $746,000 after acquiring an additional 67,500 shares during the last quarter. Pathway Capital Management LP acquired a new stake in Sprinklr in the second quarter valued at approximately $4,621,000. Amalgamated Bank lifted its stake in Sprinklr by 4.1% in the second quarter. Amalgamated Bank now owns 32,769 shares of the company’s stock valued at $277,000 after acquiring an additional 1,292 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Sprinklr by 26.3% in the second quarter. Teacher Retirement System of Texas now owns 177,026 shares of the company’s stock valued at $1,498,000 after acquiring an additional 36,909 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Sprinklr in the second quarter worth $409,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CXM. Citigroup reduced their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, September 9th. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price objective on shares of Sprinklr in a research note on Tuesday, September 30th. Barclays reduced their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, September 3rd. Wall Street Zen upgraded shares of Sprinklr from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sprinklr in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Sprinklr Price Performance

NYSE:CXM opened at $7.72 on Monday. The stock has a market cap of $1.88 billion, a P/E ratio of 17.14 and a beta of 0.78. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $9.69. The company has a fifty day moving average price of $7.87 and a 200 day moving average price of $8.18.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $212.04 million during the quarter, compared to analysts’ expectations of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, equities research analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Insider Transactions at Sprinklr

In other Sprinklr news, CFO Manish Sarin sold 37,008 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total value of $286,812.00. Following the sale, the chief financial officer owned 695,413 shares of the company’s stock, valued at $5,389,450.75. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Amitabh Misra sold 9,244 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total transaction of $71,641.00. Following the completion of the sale, the chief technology officer directly owned 593,726 shares in the company, valued at $4,601,376.50. This trade represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 474,495 shares of company stock worth $3,626,539. 60.53% of the stock is currently owned by company 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.