Sei Investments Co. Acquires 7,682 Shares of Sprinklr, Inc. (NYSE:CXM)

Sei Investments Co. increased its position in shares of Sprinklr, Inc. (NYSE:CXM) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 192,815 shares of the company’s stock after buying an additional 7,682 shares during the quarter. Sei Investments Co. owned 0.07% of Sprinklr worth $1,855,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its holdings in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Sprinklr by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after buying an additional 1,700 shares in the last quarter. CWM LLC boosted its position in Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. Mather Group LLC. acquired a new position in Sprinklr during the first quarter valued at approximately $28,000. Finally, Commonwealth Equity Services LLC boosted its position in Sprinklr by 12.0% during the second quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after purchasing an additional 2,450 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CXM shares. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. KeyCorp reduced 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. DA Davidson reduced their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Barclays reduced their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr has a consensus rating of “Hold” and an average price target of $10.30.

Insider Activity

In related news, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the sale, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the sale, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at $3,515,255.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 351,937 shares of company stock worth $2,675,185. Insiders own 30.12% of the company’s stock.

Sprinklr Price Performance

Sprinklr stock opened at $7.46 on Friday. Sprinklr, Inc. has a one year low of $7.14 and a one year high of $17.14. The stock’s fifty day moving average price is $8.40 and its two-hundred day moving average price is $10.09. The firm has a market cap of $1.98 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.76.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sell-side analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

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.