Entropy Technologies LP Acquires 7,095 Shares of Sprinklr, Inc. (NYSE:CXM)

Entropy Technologies LP raised its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,088 shares of the company’s stock after acquiring an additional 7,095 shares during the quarter. Entropy Technologies LP’s holdings in Sprinklr were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CXM. Swiss National Bank boosted its position in Sprinklr by 11.1% during the first quarter. Swiss National Bank now owns 239,500 shares of the company’s stock valued at $2,939,000 after purchasing an additional 23,900 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Sprinklr by 23.3% during the first quarter. ProShare Advisors LLC now owns 21,571 shares of the company’s stock valued at $265,000 after buying an additional 4,080 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares in the last quarter. American International Group Inc. raised its stake in shares of Sprinklr by 9.6% during the 1st quarter. American International Group Inc. now owns 57,558 shares of the company’s stock worth $706,000 after acquiring an additional 5,036 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Sprinklr during the first quarter valued at approximately $1,012,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Trading Down 0.9 %

CXM stock opened at $7.67 on Friday. The firm has a 50-day moving average of $7.50 and a two-hundred day moving average of $9.09. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $17.14. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 2.41 and a beta of 0.76.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CXM shares. KeyCorp reduced their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald decreased their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Morgan Stanley dropped their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Finally, DA Davidson dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned 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 price target of $9.80.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction 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 in the company, valued at $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Manish Sarin sold 22,738 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the transaction, the chief financial officer now owns 748,918 shares of the company’s stock, valued at approximately $5,864,027.94. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,480 shares of company stock worth $2,545,967. Insiders own 30.12% of the company’s stock.

About Sprinklr

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.