Letko Brosseau & Associates Inc. Sells 264,500 Shares of Sprinklr, Inc. $CXM

Letko Brosseau & Associates Inc. cut its holdings in Sprinklr, Inc. (NYSE:CXM) by 15.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,435,075 shares of the company’s stock after selling 264,500 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Sprinklr were worth $11,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new position in shares of Sprinklr during the fourth quarter worth $219,000. Cerity Partners LLC boosted its position in shares of Sprinklr by 51.2% during the fourth quarter. Cerity Partners LLC now owns 18,691 shares of the company’s stock worth $145,000 after purchasing an additional 6,327 shares in the last quarter. LPL Financial LLC bought a new position in shares of Sprinklr during the fourth quarter worth $211,000. Franklin Resources Inc. boosted its position in shares of Sprinklr by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 91,012 shares of the company’s stock worth $708,000 after purchasing an additional 2,232 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Sprinklr during the fourth quarter worth $705,000. 40.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CXM shares. Weiss Ratings cut shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. DA Davidson reduced their price target on shares of Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Rosenblatt Securities reduced their price target on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen raised shares of Sprinklr from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Citizens Jmp reduced their price target on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus price target of $7.79.

Insider Buying and Selling

In related news, CTO Amitabh Misra sold 34,189 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.85, for a total value of $200,005.65. Following the sale, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at approximately $5,678,905.05. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 25.18% of the company’s stock.

Sprinklr Trading Down 0.1%

CXM opened at $5.40 on Wednesday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 44.96 and a beta of 0.59. Sprinklr, Inc. has a 12 month low of $4.72 and a 12 month high of $9.40. The firm’s fifty day simple moving average is $5.40 and its 200 day simple moving average is $6.24.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $219.48 million for the quarter, compared to analysts’ expectations of $215.89 million. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. On average, equities research analysts predict that Sprinklr, Inc. will post 0.22 EPS 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.