Sprinklr, Inc. $CXM Stock Sold by Private Management Group Inc.

Private Management Group Inc. trimmed its stake in Sprinklr, Inc. (NYSE:CXM) by 22.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,530,364 shares of the company’s stock after selling 1,308,840 shares during the quarter. Private Management Group Inc.’s holdings in Sprinklr were worth $22,425,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CXM. Essential Partners LLC boosted its holdings in shares of Sprinklr by 563.7% in the 1st quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock valued at $27,000 after buying an additional 3,771 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Sprinklr by 87.5% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,133 shares of the company’s stock worth $25,000 after buying an additional 2,396 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Sprinklr during the second quarter worth $31,000. Optiver Holding B.V. raised its position in Sprinklr by 3,311.2% during the first quarter. Optiver Holding B.V. now owns 6,993 shares of the company’s stock worth $42,000 after acquiring an additional 6,788 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Sprinklr by 42.6% during the first quarter. Parallel Advisors LLC now owns 7,265 shares of the company’s stock worth $44,000 after acquiring an additional 2,171 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Price Performance

NYSE:CXM opened at $6.58 on Tuesday. The company has a market cap of $1.53 billion, a P/E ratio of 65.76 and a beta of 0.67. The firm’s fifty day moving average price is $5.96 and its two-hundred day moving average price is $5.85. Sprinklr, Inc. has a one year low of $4.72 and a one year high of $8.27.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%. The company had revenue of $213.74 million during the quarter, compared to analysts’ expectations of $214.45 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, equities research analysts expect that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, insider Sanjay Macwan sold 6,936 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $38,494.80. Following the transaction, the insider directly owned 545,997 shares of the company’s stock, valued at $3,030,283.35. This represents a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Joy Corso sold 34,153 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $189,549.15. Following the transaction, the insider owned 1,141,463 shares in the company, valued at $6,335,119.65. The trade was a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 508,207 shares of company stock worth $2,773,654 in the last 90 days. Company insiders own 25.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Monday, September 21st. Weiss Ratings upgraded shares of Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Morgan Stanley upped their target price on shares of Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. UBS Group set a $7.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. Finally, Wall Street Zen upgraded Sprinklr from a “hold” rating to a “buy” rating in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.21.

About Sprinklr

Sprinklr, Inc develops customer experience management software for businesses. Its cloud-based platform brings together tools for managing customer interactions across digital channels, including social media, messaging, and other online touchpoints.

The company’s products support activities such as social media management, digital marketing, customer service, and customer and market insights. Sprinklr also incorporates artificial intelligence into its platform to help organizations analyze conversations and manage customer engagement.

Founded in 2009 by Ragy Thomas, Sprinklr serves large organizations across global markets.