Letko Brosseau & Associates Inc. Has $20.49 Million Stake in Sprinklr, Inc. (NYSE:CXM)

Letko Brosseau & Associates Inc. grew its holdings in Sprinklr, Inc. (NYSE:CXM) by 63.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,130,350 shares of the company’s stock after acquiring an additional 827,375 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Sprinklr were worth $20,494,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Sprinklr by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after purchasing an additional 3,322 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Sprinklr by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after buying an additional 27,652 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in Sprinklr in the fourth quarter valued at approximately $4,395,000. Jump Financial LLC boosted its holdings in shares of Sprinklr by 5.0% in the fourth quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after buying an additional 1,875 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of Sprinklr during the fourth quarter worth $161,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday. Rosenblatt Securities cut their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus decreased their price objective on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Morgan Stanley dropped their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Citigroup reduced their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus target price of $10.30.

Sprinklr Stock Down 1.0 %

Shares of CXM stock traded down $0.08 on Friday, reaching $7.71. The stock had a trading volume of 2,273,345 shares, compared to its average volume of 2,261,539. Sprinklr, Inc. has a 12 month low of $7.61 and a 12 month high of $17.14. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 1.53 and a beta of 0.78. The firm’s 50-day moving average is $9.19 and its two-hundred day moving average is $10.86.

Sprinklr (NYSE:CXM) last released its quarterly earnings data 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. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. The firm had revenue of $195.96 million for the quarter, compared to analyst estimates of $194.54 million. On average, sell-side analysts forecast that Sprinklr, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the sale, the insider now 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 Securities & Exchange Commission, which is accessible through this link. Insiders sold 15,962 shares of company stock valued at $148,000 in the last quarter. 30.12% of the stock is currently owned by insiders.

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.