Sprinklr, Inc. (NYSE:CXM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Sprinklr, Inc. (NYSE:CXM) by 17.0% in the third quarter, Holdings Channel reports. The firm owned 61,518 shares of the company’s stock after buying an additional 8,928 shares during the period. Victory Capital Management Inc.’s holdings in Sprinklr were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXM. Vanguard Group Inc. lifted its position in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the period. Federated Hermes Inc. lifted its position in Sprinklr by 107,818.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the period. Solel Partners LP lifted its position in Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after acquiring an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. lifted its position in Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares during the period. Finally, 272 Capital LP acquired a new stake in Sprinklr during the 2nd quarter worth about $2,352,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cantor Fitzgerald lowered their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Rosenblatt Securities decreased their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. KeyCorp decreased their price objective on 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 objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $10.00 to $7.00 in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.61.

Insiders Place Their Bets

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the transaction, the chief financial officer now owns 748,918 shares in the company, valued at approximately $5,864,027.94. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 338,480 shares of company stock worth $2,545,967. Corporate insiders own 30.12% of the company’s stock.

Sprinklr Stock Up 0.3 %

Shares of Sprinklr stock opened at $8.24 on Friday. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $17.14. The business has a 50-day moving average price of $7.57 and a 200 day moving average price of $8.82. The firm has a market cap of $2.09 billion, a PE ratio of 45.75, a P/E/G ratio of 2.45 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The firm had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. On average, sell-side 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.