Sprinklr, Inc. $CXM Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Sprinklr, Inc. (NYSE:CXM) by 20.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,571,641 shares of the company’s stock after purchasing an additional 2,966,556 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Sprinklr worth $135,653,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CXM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sprinklr by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after acquiring an additional 2,478 shares during the period. Millennium Management LLC boosted its stake in shares of Sprinklr by 4.6% in the first quarter. Millennium Management LLC now owns 581,361 shares of the company’s stock valued at $4,854,000 after purchasing an additional 25,609 shares during the period. Caxton Associates LLP acquired a new stake in Sprinklr during the 1st quarter valued at $287,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Sprinklr by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company’s stock worth $2,177,000 after buying an additional 10,136 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Sprinklr in the 2nd quarter worth $409,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Price Performance

Shares of CXM opened at $5.95 on Wednesday. Sprinklr, Inc. has a 12-month low of $5.12 and a 12-month high of $9.69. The business’s fifty day moving average price is $6.54 and its 200 day moving average price is $7.33. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.17 and a beta of 0.78.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $219.07 million for the quarter, compared to analysts’ expectations of $209.56 million. Sprinklr had a return on equity of 8.03% and a net margin of 13.42%.The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, research analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CXM. Rosenblatt Securities reissued a “buy” rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, December 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Sprinklr in a research report on Wednesday, December 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Friday, January 16th. Weiss Ratings lowered shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.89.

Insider Transactions at Sprinklr

In other Sprinklr news, CEO Rory P. Read sold 138,505 shares of Sprinklr stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $7.13, for a total transaction of $987,540.65. Following the sale, the chief executive officer owned 1,672,108 shares of the company’s stock, valued at $11,922,130.04. The trade was a 7.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvette Kanouff sold 116,226 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $7.86, for a total transaction of $913,536.36. Following the completion of the sale, the director directly owned 239,928 shares of the company’s stock, valued at $1,885,834.08. The trade was a 32.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 613,650 shares of company stock worth $4,384,853 in the last quarter. 60.53% of the stock is currently owned by corporate insiders.

Sprinklr Profile

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.