Inspire Advisors LLC bought a new stake in Sprinklr, Inc. (NYSE:CXM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 195,943 shares of the company’s stock, valued at approximately $1,658,000. Inspire Advisors LLC owned about 0.08% of Sprinklr at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Sprinklr by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock valued at $121,065,000 after purchasing an additional 1,138,542 shares in the last quarter. Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 0.7% in the second quarter. Letko Brosseau & Associates Inc. now owns 1,760,500 shares of the company’s stock valued at $14,894,000 after buying an additional 11,625 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sprinklr by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company’s stock valued at $13,028,000 after buying an additional 65,897 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sprinklr by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,097,526 shares of the company’s stock worth $9,164,000 after buying an additional 42,234 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Sprinklr by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 755,728 shares of the company’s stock worth $6,393,000 after buying an additional 213,000 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.
Sprinklr Stock Performance
Shares of Sprinklr stock opened at $7.03 on Tuesday. The firm has a fifty day moving average of $7.67 and a two-hundred day moving average of $8.19. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.61 and a beta of 0.78. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.69.
Analysts Set New Price Targets
Several research firms have weighed in on CXM. Wall Street Zen cut shares of Sprinklr from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays decreased their price target on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Sprinklr in a research report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $12.00 price objective on shares of Sprinklr in a research report on Tuesday, September 30th. Finally, Citigroup lowered their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.
Insider Buying and Selling at Sprinklr
In other news, Director Ragy Thomas sold 28,916 shares of Sprinklr stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total transaction of $224,099.00. Following the transaction, the director directly owned 737,301 shares of the company’s stock, valued at $5,714,082.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $286,812.00. Following the completion of the transaction, the chief financial officer directly owned 695,413 shares of the company’s stock, valued at $5,389,450.75. This trade represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 732,709 shares of company stock worth $5,557,979 over the last ninety days. 60.53% of the stock is owned by corporate insiders.
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.
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