272 Capital LP Has $968,000 Holdings in Sprinklr, Inc. (NYSE:CXM)

272 Capital LP trimmed its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 48.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,191 shares of the company's stock after selling 119,309 shares during the period. 272 Capital LP's holdings in Sprinklr were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CXM. California State Teachers Retirement System grew its position in Sprinklr by 4.3% in the first quarter. California State Teachers Retirement System now owns 119,751 shares of the company's stock worth $1,469,000 after acquiring an additional 4,954 shares in the last quarter. Comerica Bank bought a new stake in Sprinklr in the first quarter worth $597,000. Teachers Retirement System of The State of Kentucky acquired a new position in Sprinklr during the first quarter worth $494,000. CWM LLC raised its holdings in Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company's stock valued at $35,000 after buying an additional 1,904 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Sprinklr in the second quarter worth about $148,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Trading Up 0.4 %

CXM traded up $0.03 on Friday, hitting $8.24. 1,251,931 shares of the stock traded hands, compared to its average volume of 3,115,678. The business has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $8.79. The firm has a market capitalization of $2.09 billion, a PE ratio of 45.78, a P/E/G ratio of 2.46 and a beta of 0.76. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $17.14.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $197.21 million for the quarter, compared to analysts' expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, equities research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity

In other news, CEO Ragy Thomas sold 12,902 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 514,799 shares of the company's stock, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on CXM shares. 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. Cantor Fitzgerald lowered their price target on Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Thursday, September 5th. Wells Fargo & Company downgraded shares of Sprinklr from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Finally, KeyCorp dropped their target price on shares of Sprinklr from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Two analysts have 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, the company currently has an average rating of "Hold" and a consensus target price of $9.61.

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.