Sprinklr, Inc. (NYSE:CXM) Stock Position Reduced by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,155 shares of the company’s stock after selling 1,739 shares during the period. Amalgamated Bank’s holdings in Sprinklr were worth $338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CXM. Vanguard Group Inc. boosted its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP grew its stake in shares of Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after buying an additional 3,355,566 shares in the last quarter. TFG Asset Management GP Ltd increased its holdings in Sprinklr by 15.8% in the fourth quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock worth $26,488,000 after buying an additional 300,000 shares during the last quarter. Letko Brosseau & Associates Inc. raised its position in Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after acquiring an additional 827,375 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sprinklr

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the completion of the sale, the insider now owns 395,222 shares in the company, valued at approximately $3,636,042.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the transaction, the insider now owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The disclosure for this sale can be found here. Insiders have sold 351,937 shares of company stock worth $2,675,185 over the last three months. Company insiders own 30.12% of the company’s stock.

Sprinklr Trading Up 1.2 %

Shares of Sprinklr stock opened at $7.73 on Monday. Sprinklr, Inc. has a 1 year low of $7.23 and a 1 year high of $17.14. The company’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $10.25. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.25 and a beta of 0.78.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. As a group, research analysts forecast that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CXM shares. Wells Fargo & Company dropped their price target on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus reduced their price target on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Cantor Fitzgerald decreased their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.30.

Sprinklr Company Profile

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.