Valeo Financial Advisors LLC lifted its holdings in Sprinklr, Inc. (NYSE:CXM – Get Rating) by 25.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,021 shares of the company’s stock after purchasing an additional 2,850 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Sprinklr were worth $167,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Sprinklr during the fourth quarter worth $48,000. Harbor Group Inc. purchased a new position in shares of Sprinklr during the first quarter valued at $129,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Sprinklr during the fourth quarter valued at $153,000. CIBC Asset Management Inc purchased a new position in shares of Sprinklr during the fourth quarter valued at $169,000. Finally, GSA Capital Partners LLP purchased a new position in Sprinklr in the fourth quarter valued at about $169,000. 30.22% of the stock is currently owned by institutional investors.
Sprinklr Price Performance
NYSE:CXM opened at $10.53 on Monday. The business’s fifty day moving average price is $11.17 and its 200 day moving average price is $12.03. Sprinklr, Inc. has a 12 month low of $9.41 and a 12 month high of $20.50.
Sprinklr (NYSE:CXM – Get Rating) last announced its quarterly earnings results on Tuesday, June 14th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $144.98 million for the quarter, compared to analyst estimates of $140.96 million. Sprinklr had a negative net margin of 23.69% and a negative return on equity of 21.64%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. As a group, equities research analysts predict that Sprinklr, Inc. will post -0.41 EPS for the current year.
Insider Activity at Sprinklr
In other news, CTO Pavitar Singh sold 25,000 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $11.52, for a total value of $288,000.00. Following the completion of the sale, the chief technology officer now owns 269,738 shares in the company, valued at approximately $3,107,381.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Pavitar Singh sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $11.52, for a total transaction of $288,000.00. Following the sale, the chief technology officer now owns 269,738 shares of the company’s stock, valued at approximately $3,107,381.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diane Adams sold 2,759 shares of Sprinklr stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $10.18, for a total value of $28,086.62. Following the sale, the insider now owns 113,998 shares of the company’s stock, valued at approximately $1,160,499.64. The disclosure for this sale can be found here. Insiders sold a total of 142,039 shares of company stock worth $1,675,380 in the last 90 days. 43.75% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. JMP Securities cut their target price on Sprinklr from $27.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. Citigroup reduced their price target on Sprinklr from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, June 16th. Barclays increased their price target on shares of Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, June 15th. JPMorgan Chase & Co. decreased their price objective on shares of Sprinklr from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, June 15th. Finally, Stifel Nicolaus lowered their price target on Sprinklr from $18.00 to $15.00 in a research note on Wednesday, June 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr presently has a consensus rating of “Moderate Buy” and an average price target of $17.07.
Sprinklr Company Profile
Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.
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