Sprinklr, Inc. (NYSE:CXM) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 78.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,179 shares of the company’s stock after selling 148,351 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Sprinklr were worth $506,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CXM. Vanguard Group Inc. boosted its position in shares of Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP boosted its holdings in Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares during the last quarter. TFG Asset Management GP Ltd boosted its holdings in Sprinklr by 15.8% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after purchasing an additional 300,000 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Sprinklr in the 4th quarter valued at approximately $12,889,000. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Sprinklr by 1,185.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock worth $12,590,000 after buying an additional 964,333 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CXM. Barclays decreased their price objective on Sprinklr from $17.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Cantor Fitzgerald cut Sprinklr from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $10.00 in a report on Thursday, June 6th. William Blair restated an “outperform” rating on shares of Sprinklr in a report on Monday, April 22nd. DA Davidson cut shares of Sprinklr from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.00 to $9.00 in a research report on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price target on shares of Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.80.

Sprinklr Stock Performance

CXM opened at $9.03 on Wednesday. Sprinklr, Inc. has a one year low of $8.33 and a one year high of $17.14. The company has a market cap of $2.39 billion, a P/E ratio of 42.98, a PEG ratio of 1.63 and a beta of 0.79. The business’s 50-day simple moving average is $9.30 and its 200-day simple moving average is $11.33.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $195.96 million during the quarter, compared to analysts’ expectations of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. As a group, analysts predict that Sprinklr, Inc. will post 0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the completion of the sale, the insider now directly owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 15,962 shares of company stock valued at $148,000. 30.12% of the stock is currently owned by insiders.

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.