Sprinklr, Inc. (NYSE:CXM) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 1,185.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,045,673 shares of the company’s stock after purchasing an additional 964,333 shares during the quarter. Sprinklr accounts for approximately 1.9% of Stanley Laman Group Ltd.’s portfolio, making the stock its 3rd biggest position. Stanley Laman Group Ltd. owned about 0.38% of Sprinklr worth $12,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Formidable Asset Management LLC grew its position in Sprinklr by 5.3% in the 3rd quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock valued at $248,000 after acquiring an additional 900 shares in the last quarter. Amalgamated Bank grew its position in Sprinklr by 13.6% in the 3rd quarter. Amalgamated Bank now owns 14,987 shares of the company’s stock valued at $207,000 after acquiring an additional 1,791 shares in the last quarter. RiverPark Advisors LLC acquired a new position in Sprinklr in the 3rd quarter valued at about $27,000. Arizona State Retirement System grew its position in Sprinklr by 7.3% in the 4th quarter. Arizona State Retirement System now owns 30,582 shares of the company’s stock valued at $368,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Trexquant Investment LP grew its position in Sprinklr by 2.3% in the 3rd quarter. Trexquant Investment LP now owns 93,793 shares of the company’s stock valued at $1,298,000 after acquiring an additional 2,147 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Trading Down 1.2 %

CXM stock traded down $0.14 during trading on Thursday, hitting $11.84. 1,090,676 shares of the company’s stock were exchanged, compared to its average volume of 2,678,902. The business has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $13.00. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 65.75, a PEG ratio of 2.28 and a beta of 0.87. Sprinklr, Inc. has a 52-week low of $10.93 and a 52-week high of $17.14.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. The company had revenue of $194.21 million during the quarter, compared to analysts’ expectations of $188.50 million. On average, equities research analysts anticipate that Sprinklr, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CXM has been the subject of several recent research reports. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research note on Monday. TheStreet cut Sprinklr from a “c-” rating to a “d+” rating in a research note on Thursday, December 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Thursday, March 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Monday, April 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

Insider Activity

In other news, General Counsel Jacob Scott sold 16,602 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 495,513 shares of company stock valued at $6,087,581. Company insiders own 40.29% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.