Arete Wealth Advisors LLC Cuts Stock Position in Sprinklr, Inc. (NYSE:CXM)

Arete Wealth Advisors LLC cut its holdings in Sprinklr, Inc. (NYSE:CXM) by 28.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,969 shares of the company’s stock after selling 25,800 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Sprinklr were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CXM. SG Americas Securities LLC bought a new stake in Sprinklr in the second quarter worth $553,000. Cerity Partners LLC lifted its position in shares of Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Sprinklr by 31.7% during the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after purchasing an additional 165,000 shares during the last quarter. CWM LLC lifted its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares during the last quarter. Finally, Sea Cliff Partners Management LP bought a new stake in shares of Sprinklr during the second quarter worth $866,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sprinklr

In other news, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at approximately $3,515,255.01. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the sale, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. The trade was a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,596 shares of company stock worth $536,275 over the last quarter. Insiders own 30.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Scotiabank lifted their target price on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Morgan Stanley decreased their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. DA Davidson raised their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Barclays raised their price target on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.13.

Sprinklr Price Performance

CXM opened at $9.28 on Friday. The business’s 50-day moving average is $7.81 and its two-hundred day moving average is $8.60. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $14.31. The firm has a market capitalization of $2.35 billion, a PE ratio of 57.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81.

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.