Sprinklr, Inc. (NYSE:CXM) Shares Bought by Solel Partners LP

Solel Partners LP increased its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 46.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,692,963 shares of the company’s stock after acquiring an additional 1,176,726 shares during the period. Sprinklr accounts for about 5.8% of Solel Partners LP’s holdings, making the stock its 10th largest position. Solel Partners LP owned about 1.39% of Sprinklr worth $35,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Mather Group LLC. bought a new stake in Sprinklr during the first quarter worth approximately $28,000. CWM LLC boosted its holdings in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the period. Quest Partners LLC bought a new stake in shares of Sprinklr during the 4th quarter worth $115,000. CIBC Asset Management Inc grew its stake in Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after buying an additional 1,694 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Sprinklr in the 2nd quarter worth $148,000. 40.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the sale, the insider now directly owns 739,799 shares of the company’s stock, valued at $5,792,626.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr 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 completion of the transaction, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 351,937 shares of company stock valued at $2,675,185. 30.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. KeyCorp decreased their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities lowered their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Cantor Fitzgerald cut their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Citigroup reduced their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” 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 given a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus price target of $10.30.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $7.55 on Tuesday. Sprinklr, Inc. has a twelve month low of $7.23 and a twelve month high of $17.14. The firm has a market cap of $2.00 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. The firm’s 50-day simple moving average is $8.77 and its 200-day simple moving average is $10.42.

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.