CenterBook Partners LP Sells 391,443 Shares of Sprinklr, Inc. $CXM

CenterBook Partners LP lowered its position in Sprinklr, Inc. (NYSE:CXM) by 72.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,638 shares of the company’s stock after selling 391,443 shares during the period. CenterBook Partners LP’s holdings in Sprinklr were worth $1,133,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Sprinklr by 11,204.2% in the fourth quarter. SG Americas Securities LLC now owns 4,530,827 shares of the company’s stock worth $35,250,000 after acquiring an additional 4,490,746 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Sprinklr by 41.8% in the third quarter. First Eagle Investment Management LLC now owns 1,071,681 shares of the company’s stock worth $8,273,000 after acquiring an additional 315,953 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sprinklr by 20.3% in the third quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock worth $135,653,000 after acquiring an additional 2,966,556 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Sprinklr in the third quarter worth $6,997,000. Finally, Bullseye Asset Management LLC grew its holdings in shares of Sprinklr by 142.5% in the third quarter. Bullseye Asset Management LLC now owns 481,701 shares of the company’s stock worth $3,719,000 after acquiring an additional 283,031 shares during the period. Institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CXM shares. Citigroup dropped their price target on shares of Sprinklr from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. DA Davidson dropped their price target on shares of Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Rosenblatt Securities cut their price target on Sprinklr from $12.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, June 4th. Weiss Ratings cut Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. Finally, Morgan Stanley lowered their price objective on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sprinklr presently has an average rating of “Hold” and a consensus price target of $7.79.

Insider Activity

In other news, CTO Amitabh Misra sold 34,189 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.85, for a total value of $200,005.65. Following the transaction, the chief technology officer owned 970,753 shares of the company’s stock, valued at approximately $5,678,905.05. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.18% of the stock is currently owned by insiders.

Sprinklr Stock Down 0.6%

NYSE:CXM opened at $5.37 on Thursday. The business’s 50-day simple moving average is $5.39 and its two-hundred day simple moving average is $6.23. Sprinklr, Inc. has a 52 week low of $4.72 and a 52 week high of $9.40. The stock has a market cap of $1.34 billion, a PE ratio of 44.71 and a beta of 0.59.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $219.48 million during the quarter, compared to analysts’ expectations of $215.89 million. Sprinklr had a return on equity of 8.13% and a net margin of 3.29%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. Sell-side analysts anticipate that Sprinklr, Inc. will post 0.22 earnings per share for the current fiscal year.

Sprinklr Company Profile

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.