Allspring Global Investments Holdings LLC grew its stake in shares of Sprinklr, Inc. (NYSE:CXM – Free Report) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 889,269 shares of the company’s stock after purchasing an additional 178,437 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sprinklr were worth $8,555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Sprinklr in the first quarter worth about $28,000. CWM LLC lifted its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the period. Quest Partners LLC bought a new stake in shares of Sprinklr during the fourth quarter valued at approximately $115,000. Simplicity Wealth LLC purchased a new stake in Sprinklr in the second quarter worth $148,000. Finally, D.A. Davidson & CO. bought a new position in Sprinklr in the fourth quarter worth $161,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.
Insiders Place Their Bets
In other news, insider Diane Adams sold 13,717 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the transaction, the insider now directly owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 15,962 shares of company stock valued at $148,000. Company insiders own 30.12% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on CXM
Sprinklr Price Performance
Shares of NYSE:CXM opened at $8.97 on Friday. Sprinklr, Inc. has a 1 year low of $8.33 and a 1 year high of $17.14. The stock’s fifty day moving average price is $9.29 and its 200-day moving average price is $11.01. The company has a market cap of $2.38 billion, a P/E ratio of 42.71, a PEG ratio of 1.63 and a beta of 0.79.
Sprinklr (NYSE:CXM – Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The firm had revenue of $195.96 million for the quarter, compared to the consensus estimate of $194.54 million. On average, sell-side analysts anticipate that Sprinklr, Inc. will post 0.19 earnings per share 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.
Recommended Stories
- Five stocks we like better than Sprinklr
- Retail Stocks Investing, Explained
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- What Are Dividend Contenders? Investing in Dividend Contenders
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- The How and Why of Investing in Gold Stocks
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Want to see what other hedge funds are holding CXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprinklr, Inc. (NYSE:CXM – Free Report).
Receive News & Ratings for Sprinklr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprinklr and related companies with MarketBeat.com's FREE daily email newsletter.