Sprinklr, Inc. (NYSE:CXM) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in Sprinklr, Inc. (NYSE:CXM) by 107,818.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,696,472 shares of the company’s stock after acquiring an additional 1,694,900 shares during the period. Federated Hermes Inc. owned 0.64% of Sprinklr worth $16,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Sprinklr in the first quarter valued at approximately $28,000. CWM LLC grew its holdings in 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 buying an additional 1,904 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Sprinklr in the 4th quarter worth $115,000. CIBC Asset Management Inc raised its holdings in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in shares of Sprinklr during the 4th quarter valued at about $161,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,846 shares of company stock worth $2,157,692. Corporate insiders own 30.12% of the company’s stock.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of analyst reports. Citigroup reduced their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley decreased their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. DA Davidson cut their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. KeyCorp decreased their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company cut their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.30.

Sprinklr Trading Down 1.4 %

Shares of NYSE:CXM opened at $7.83 on Tuesday. Sprinklr, Inc. has a 52 week low of $7.23 and a 52 week high of $17.14. The company’s 50 day moving average is $8.92 and its two-hundred day moving average is $10.62. The company has a market cap of $2.08 billion, a PE ratio of 37.29, a P/E/G ratio of 2.23 and a beta of 0.78.

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.