Wellington Management Group LLP Sells 11,331 Shares of Sprinklr, Inc. (NYSE:CXM)

Wellington Management Group LLP lessened its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 839,687 shares of the company’s stock after selling 11,331 shares during the quarter. Wellington Management Group LLP owned approximately 0.31% of Sprinklr worth $10,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RK Capital Management LLC grew its holdings in shares of Sprinklr by 29.0% during the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock worth $6,190,000 after acquiring an additional 115,600 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after purchasing an additional 27,652 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Sprinklr by 63.1% during the fourth quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after buying an additional 130,000 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after buying an additional 3,322 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Sprinklr in the 4th quarter worth about $161,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CXM shares. Cantor Fitzgerald cut shares of Sprinklr from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $10.00 in a research report on Thursday, June 6th. Morgan Stanley reduced their price objective on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Stifel Nicolaus dropped their target price on Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. KeyCorp began coverage on Sprinklr in a report on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target for the company. Finally, Rosenblatt Securities lowered their price target on Sprinklr from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.80.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $9.36 on Friday. The firm’s 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $11.92. The company has a market capitalization of $2.48 billion, a P/E ratio of 44.57, a P/E/G ratio of 1.54 and a beta of 0.84. Sprinklr, Inc. has a 1-year low of $8.33 and a 1-year high of $17.14.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. On average, sell-side analysts anticipate that Sprinklr, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the sale, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The disclosure for this sale can be found here. Insiders have sold 373,236 shares of company stock worth $4,492,985 over the last ninety days. Corporate insiders own 30.12% of the company’s stock.

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.