WINTON GROUP Ltd cut its holdings in Sprinklr, Inc. (NYSE:CXM – Free Report) by 28.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,047 shares of the company’s stock after selling 207,889 shares during the period. WINTON GROUP Ltd owned about 0.22% of Sprinklr worth $2,709,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after acquiring an additional 3,846,652 shares in the last quarter. Private Management Group Inc. boosted its holdings in Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after purchasing an additional 2,233,542 shares in the last quarter. Sea Cliff Partners Management LP boosted its holdings in Sprinklr by 1,174.6% in the second quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after purchasing an additional 1,996,792 shares in the last quarter. Norges Bank purchased a new position in Sprinklr in the fourth quarter valued at approximately $11,524,000. Finally, Goldman Sachs Group Inc. raised its holdings in Sprinklr by 138.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,646,893 shares of the company’s stock worth $12,813,000 after purchasing an additional 957,149 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.
Sprinklr Price Performance
Shares of NYSE CXM opened at $5.49 on Friday. The stock has a fifty day moving average price of $6.41 and a 200 day moving average price of $5.80. Sprinklr, Inc. has a 1-year low of $4.72 and a 1-year high of $8.27. The company has a market cap of $1.28 billion, a PE ratio of 54.86 and a beta of 0.65.
Insider Activity
In other news, CEO Rory P. Read sold 143,654 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $5.30, for a total transaction of $761,366.20. Following the completion of the transaction, the chief executive officer directly owned 3,419,190 shares of the company’s stock, valued at approximately $18,121,707. This represents a 4.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Amitabh Misra sold 29,180 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $5.30, for a total value of $154,654.00. Following the transaction, the chief technology officer directly owned 854,779 shares in the company, valued at $4,530,328.70. This represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 395,880 shares of company stock valued at $2,210,116 over the last ninety days. 25.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on CXM. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. UBS Group set a $7.50 price target on shares of Sprinklr in a research note on Thursday, September 3rd. Wall Street Zen downgraded shares of Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. DA Davidson boosted their target price on Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley increased their price target on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.21.
View Our Latest Stock Analysis on CXM
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.
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