First Eagle Investment Management LLC Increases Stock Position in Sprinklr, Inc. $CXM

First Eagle Investment Management LLC grew its holdings in Sprinklr, Inc. (NYSE:CXM) by 41.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,071,681 shares of the company’s stock after purchasing an additional 315,953 shares during the quarter. First Eagle Investment Management LLC’s holdings in Sprinklr were worth $8,273,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CXM. Vanguard Group Inc. grew its holdings in Sprinklr by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock valued at $135,653,000 after buying an additional 2,966,556 shares during the last quarter. Sea Cliff Partners Management LP lifted its position 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 acquiring an additional 1,996,792 shares in the last quarter. Norges Bank acquired a new stake in shares of Sprinklr during the second quarter valued at $10,310,000. Jefferies Financial Group Inc. boosted its stake in shares of Sprinklr by 31.6% during the second quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company’s stock valued at $39,610,000 after acquiring an additional 1,125,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Sprinklr during the 3rd quarter worth about $6,997,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Arun Pattabhiraman sold 16,533 shares of Sprinklr stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $7.78, for a total value of $128,626.74. Following the transaction, the chief marketing officer directly owned 517,878 shares of the company’s stock, valued at $4,029,090.84. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Amitabh Misra sold 9,099 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $7.78, for a total transaction of $70,790.22. Following the sale, the chief technology officer directly owned 584,627 shares of the company’s stock, valued at approximately $4,548,398.06. This trade represents a 1.53% 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 valued at $4,384,853 in the last 90 days. 60.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CXM shares. Citigroup restated a “market outperform” rating on shares of Sprinklr in a report on Friday, January 16th. Rosenblatt Securities reissued a “buy” rating and set a $12.00 price objective on shares of Sprinklr in a research note on Thursday, December 4th. Wall Street Zen lowered shares of Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 4th. Finally, Weiss Ratings lowered Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 26th. Three 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 has a consensus rating of “Hold” and an average target price 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. The business had revenue of $219.07 million during the quarter, compared to the consensus estimate of $209.56 million. Sprinklr had a return on equity of 8.03% and a net margin of 13.42%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

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.