LB Partners LLC Purchases Shares of 39,288 Sprinklr, Inc. (NYSE:CXM)

LB Partners LLC bought a new position in shares of Sprinklr, Inc. (NYSE:CXM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,288 shares of the company’s stock, valued at approximately $304,000. Sprinklr accounts for approximately 0.3% of LB Partners LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Sprinklr during the 1st quarter valued at about $28,000. CWM LLC lifted its holdings in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr in the third quarter worth approximately $105,000. CIBC Asset Management Inc raised its position in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of Sprinklr in the 2nd quarter valued at $148,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the transaction, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CMO Arun Pattabhiraman sold 10,291 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the completion of the sale, the chief marketing officer now directly owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,220 shares of company stock worth $2,548,988 in the last ninety days. 30.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CXM has been the topic of a number of recent analyst reports. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Rosenblatt Securities dropped their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. DA Davidson cut their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald cut their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp decreased their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

Sprinklr Stock Performance

NYSE CXM traded down $0.06 during trading on Monday, reaching $7.20. 679,743 shares of the company’s stock were exchanged, compared to its average volume of 2,184,366. The company has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $9.66. The stock has a market cap of $1.91 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

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.