Vanguard Group Inc. Increases Stock Holdings in Sprinklr, Inc. $CXM

Vanguard Group Inc. lifted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 20.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,571,641 shares of the company’s stock after buying an additional 2,966,556 shares during the quarter. Vanguard Group Inc. owned approximately 7.20% of Sprinklr worth $135,653,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Sea Cliff Partners Management LP lifted its holdings in shares of Sprinklr by 1,174.6% in the second quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after purchasing an additional 1,996,792 shares in the last quarter. Norges Bank acquired a new position in shares of Sprinklr during the 2nd quarter worth approximately $10,310,000. Jefferies Financial Group Inc. lifted its stake in Sprinklr by 31.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company’s stock valued at $39,610,000 after buying an additional 1,125,000 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Sprinklr by 2,385.5% during the 3rd quarter. Pacer Advisors Inc. now owns 694,200 shares of the company’s stock valued at $5,359,000 after buying an additional 666,270 shares during the last quarter. Finally, CenterBook Partners LP increased its position in Sprinklr by 212.2% during the second quarter. CenterBook Partners LP now owns 503,304 shares of the company’s stock worth $4,258,000 after buying an additional 342,068 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Jacob Scott sold 21,665 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $7.12, for a total transaction of $154,254.80. Following the completion of the sale, the general counsel owned 404,723 shares in the company, valued at approximately $2,881,627.76. The trade was a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Arun Pattabhiraman sold 16,533 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $7.78, for a total transaction of $128,626.74. Following the completion of the transaction, the chief marketing officer owned 517,878 shares in the company, valued at $4,029,090.84. The trade was a 3.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 613,650 shares of company stock worth $4,384,853. Corporate insiders own 60.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson reissued a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 4th. Cantor Fitzgerald restated a “neutral” rating and issued a $8.00 target price on shares of Sprinklr in a report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a report on Thursday, December 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.89.

Sprinklr Stock Up 3.1%

NYSE:CXM opened at $5.95 on Wednesday. The company has a market cap of $1.47 billion, a P/E ratio of 14.17 and a beta of 0.78. The firm’s 50 day moving average is $6.54 and its two-hundred day moving average is $7.33. Sprinklr, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.69.

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

Sprinklr Company 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.