Lord Abbett & CO. LLC Sells 30,682 Shares of Sprinklr, Inc. (NYSE:CXM)

Lord Abbett & CO. LLC trimmed its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 963,227 shares of the company’s stock after selling 30,682 shares during the quarter. Lord Abbett & CO. LLC owned 0.38% of Sprinklr worth $16,856,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CXM. Cubist Systematic Strategies LLC bought a new stake in shares of Sprinklr during the 2nd quarter valued at $29,000. Royal Bank of Canada bought a new stake in shares of Sprinklr during the 2nd quarter valued at $31,000. Gemmer Asset Management LLC bought a new stake in shares of Sprinklr during the 3rd quarter valued at $37,000. PNC Financial Services Group Inc. bought a new stake in shares of Sprinklr during the 2nd quarter valued at $42,000. Finally, Moors & Cabot Inc. bought a new stake in shares of Sprinklr during the 3rd quarter valued at $51,000. Institutional investors own 35.31% of the company’s stock.

CXM opened at $13.27 on Friday. The business has a 50-day moving average price of $15.38. Sprinklr, Inc. has a 12-month low of $12.12 and a 12-month high of $26.50.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Thursday, December 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. Sprinklr had a negative return on equity of 63.92% and a negative net margin of 19.79%. The firm had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $118.03 million. As a group, research analysts anticipate that Sprinklr, Inc. will post -0.57 earnings per share for the current fiscal year.

A number of analysts recently issued reports on CXM shares. Oppenheimer decreased their price objective on Sprinklr from $29.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, December 10th. They noted that the move was a valuation call. Wells Fargo & Company reduced their target price on Sprinklr from $20.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, December 10th. Barclays reduced their target price on Sprinklr from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Sprinklr from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $22.00 to $20.00 in a research report on Friday, December 10th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $21.97.

In other Sprinklr news, CTO Pavitar Singh sold 15,193 shares of the company’s stock in a transaction that occurred on Tuesday, January 11th. The stock was sold at an average price of $15.02, for a total transaction of $228,198.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilson Grad Conn sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 15th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 428,258 shares of company stock valued at $6,391,392. 8.00% of the stock is currently owned by corporate insiders.

Sprinklr Company Profile

Sprinklr, Inc develops and provides a cloud-based unified customer experience management platform for enterprises worldwide. It enables organizations to do marketing, advertising, research, care, sales, and engagement across modern channels, including social, messaging, chat, and text through its unified customer experience management software platform.

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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