115,573 Shares in Sprinklr, Inc. $CXM Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Sprinklr, Inc. (NYSE:CXM) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 115,573 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CXM. Arta Finance Wealth Management LLC acquired a new stake in Sprinklr in the third quarter valued at approximately $53,000. Pinnacle Wealth Planning Services Inc. grew its position in Sprinklr by 87.5% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,133 shares of the company’s stock worth $25,000 after acquiring an additional 2,396 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Sprinklr by 44.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock worth $140,000 after acquiring an additional 8,322 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Sprinklr during the 2nd quarter worth $645,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Sprinklr during the 2nd quarter worth $31,000. Institutional investors own 40.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citizens Jmp restated a “market outperform” rating and set a $11.00 price target on shares of Sprinklr in a report on Monday, September 21st. Weiss Ratings upgraded shares of Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Morgan Stanley upped their price objective on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Sprinklr in a research report 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.21.

Insider Activity at Sprinklr

In other news, CEO Rory P. Read sold 203,666 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $5.17, for a total value of $1,052,953.22. Following the completion of the sale, the chief executive officer directly owned 3,069,659 shares in the company, valued at approximately $15,870,137.03. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jacob Scott sold 26,094 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 transaction of $144,821.70. Following the sale, the general counsel directly owned 550,733 shares of the company’s stock, valued at approximately $3,056,568.15. This represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 508,207 shares of company stock valued at $2,773,654. 25.18% of the stock is owned by company insiders.

Sprinklr Stock Performance

Shares of CXM stock opened at $6.67 on Monday. The stock’s 50 day simple moving average is $6.00 and its 200 day simple moving average is $5.85. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $8.27. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 66.76 and a beta of 0.67.

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

Sprinklr Profile

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