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

Stanley Laman Group Ltd. trimmed its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 16.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 774,578 shares of the company’s stock after selling 151,412 shares during the period. Sprinklr comprises about 0.8% of Stanley Laman Group Ltd.’s holdings, making the stock its 22nd biggest holding. Stanley Laman Group Ltd. owned 0.29% of Sprinklr worth $5,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after purchasing an additional 1,700 shares during the period. CWM LLC boosted its stake in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares during the period. Finally, Mather Group LLC. purchased a new position in Sprinklr during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Down 1.7 %

Shares of Sprinklr stock opened at $7.14 on Wednesday. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $17.14. The stock has a 50 day moving average price of $7.96 and a two-hundred day moving average price of $9.63. The stock has a market capitalization of $1.89 billion, a P/E ratio of 33.98, a PEG ratio of 2.10 and a beta of 0.76.

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

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’s 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Diane Adams sold 4,282 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the sale, the insider now owns 390,940 shares in the company, valued at $3,061,060.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 338,220 shares of company stock valued at $2,548,988. Insiders own 30.12% of the company’s stock.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of research analyst reports. JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Wells Fargo & Company reduced their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Morgan Stanley reduced their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.00.

Sprinklr 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.