CWA Asset Management Group LLC Takes Position in Sprinklr, Inc. (NYSE:CXM)

CWA Asset Management Group LLC bought a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,150 shares of the company’s stock, valued at approximately $194,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr in the third quarter valued at $105,000. CIBC Asset Management Inc increased its holdings in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after buying an additional 1,694 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Sprinklr in the third quarter valued at $142,000. Finally, Simplicity Wealth LLC purchased a new stake in Sprinklr during the 2nd quarter worth about $148,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CXM. Barclays downgraded Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $10.00 to $7.00 in a report on Monday, October 7th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Rosenblatt Securities dropped their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Cantor Fitzgerald cut their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley decreased their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.80.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $8.07 on Thursday. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $17.14. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 2.45 and a beta of 0.76. The company has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $9.15.

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

Insider Transactions at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction that occurred on 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 sale, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 over the last 90 days. 30.12% of the stock is currently owned by insiders.

Sprinklr 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.