272 Capital LP Buys Shares of 244,500 Sprinklr, Inc. (NYSE:CXM)

272 Capital LP purchased a new position in Sprinklr, Inc. (NYSE:CXM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 244,500 shares of the company’s stock, valued at approximately $2,352,000. 272 Capital LP owned about 0.09% of Sprinklr at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 purchasing an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP boosted 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 worth $175,304,000 after acquiring an additional 3,355,566 shares during the last quarter. Solel Partners LP grew its stake in Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after acquiring an additional 1,176,726 shares in the last quarter. TFG Asset Management GP Ltd raised its holdings in Sprinklr by 15.8% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its stake in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after purchasing an additional 827,375 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Stock Performance

Sprinklr stock opened at $7.55 on Tuesday. The company has a market capitalization of $2.00 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a fifty-two week low of $7.23 and a fifty-two week high of $17.14. The firm has a 50 day moving average price of $8.77 and a 200 day moving average price of $10.42.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald cut their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Morgan Stanley lowered their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company cut their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, Rosenblatt Securities decreased their target price 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. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.30.

Insider Transactions at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the transaction, the insider now owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sprinklr news, insider Diane Adams sold 12,915 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the sale, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now directly owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. The disclosure for this sale can be found here. Insiders sold a total of 351,937 shares of company stock worth $2,675,185 over the last ninety days. Company insiders own 30.12% of the company’s stock.

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.