Horrell Capital Management Inc. Grows Position in Sprinklr, Inc. (NYSE:CXM)

Horrell Capital Management Inc. raised its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 31.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 685,000 shares of the company's stock after purchasing an additional 165,000 shares during the quarter. Sprinklr accounts for about 1.6% of Horrell Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. Horrell Capital Management Inc. owned approximately 0.26% of Sprinklr worth $5,295,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company's stock valued at $187,105,000 after buying an additional 3,575,001 shares in the last quarter. Solel Partners LP boosted its stake in Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company's stock worth $35,526,000 after buying an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. grew its holdings in Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company's stock valued at $20,494,000 after purchasing an additional 827,375 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company's stock worth $16,320,000 after buying an additional 1,694,900 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Sprinklr by 25.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 889,269 shares of the company's stock valued at $8,555,000 after purchasing an additional 178,437 shares during the period. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Trading Up 2.3 %

Shares of Sprinklr stock traded up $0.17 during trading hours on Tuesday, reaching $7.54. The stock had a trading volume of 2,611,807 shares, compared to its average volume of 2,181,755. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $17.14. The firm has a market capitalization of $2.00 billion, a PE ratio of 36.05, a PEG ratio of 2.10 and a beta of 0.76. The stock's 50 day moving average is $7.79 and its 200 day moving average is $9.46.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on CXM shares. Cantor Fitzgerald decreased their price target on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. DA Davidson dropped their price target on Sprinklr from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company decreased their price objective on Sprinklr from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th. Barclays cut shares of Sprinklr from an "overweight" rating to an "underweight" rating and dropped their target price for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Finally, JMP Securities restated a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of "Hold" and a consensus price target of $10.00.

Insider Buying and Selling at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of the company's 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 owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was 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 owns 739,799 shares of the company's stock, valued at approximately $5,792,626.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 335,975 shares of company stock valued at $2,527,184 over the last ninety days. Corporate insiders own 30.12% of the company's stock.

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.