16,642 Shares in Sprinklr, Inc. (NYSE:CXM) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Sprinklr, Inc. (NYSE:CXM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,642 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in shares of Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after acquiring an additional 1,117 shares during the period. CIBC Asset Management Inc increased its holdings in 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 purchasing an additional 1,694 shares during the period. Louisiana State Employees Retirement System raised its position in Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after purchasing an additional 1,700 shares in the last quarter. CWM LLC lifted its holdings in shares of Sprinklr by 111.0% in 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. Finally, Commonwealth Equity Services LLC grew its position in shares of Sprinklr by 12.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after buying an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CXM. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a report 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 for the company in a research report on Thursday, September 5th. Rosenblatt Securities cut 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. DA Davidson lowered their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Cantor Fitzgerald cut their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus target price of $9.61.

Sprinklr Price Performance

CXM stock opened at $8.30 on Tuesday. The stock has a market capitalization of $2.10 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 2.48 and a beta of 0.76. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $17.14. The firm has a 50 day moving average of $7.54 and a 200 day moving average of $8.88.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million during the quarter, compared to the consensus estimate of $194.58 million. On average, equities research analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insider Activity

In other news, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.

Sprinklr Company 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.