Quest Partners LLC purchased a new stake in shares of Sprinklr, Inc. (NYSE:CXM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,840 shares of the company’s stock, valued at approximately $210,000.
Several other institutional investors also recently added to or reduced their stakes in CXM. Vanguard Group Inc. grew its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares during the period. Cadian Capital Management LP grew its position in Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after buying an additional 3,355,566 shares during the period. Letko Brosseau & Associates Inc. grew its position in Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Sprinklr by 19,023.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock valued at $8,722,000 after purchasing an additional 707,115 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Sprinklr by 212.6% during the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock valued at $8,467,000 after purchasing an additional 469,305 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.
Insider Activity at Sprinklr
In related news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.20, for a total value of $126,196.40. Following the sale, the insider now directly owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane Adams sold 13,717 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the transaction, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The disclosure for this sale can be found here. Insiders have sold 285,846 shares of company stock valued at $2,157,692 over the last three months. 30.12% of the stock is owned by corporate insiders.
Sprinklr Trading Up 3.5 %
Wall Street Analysts Forecast Growth
CXM has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Rosenblatt Securities dropped their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Barclays dropped their price objective on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Morgan Stanley dropped their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. 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 data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus price target of $10.30.
About Sprinklr
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.
Featured Stories
- Five stocks we like better than Sprinklr
- What does consumer price index measure?
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- What Are Dividend Champions? How to Invest in the Champions
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- Best Aerospace Stocks Investing
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
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.