Versor Investments LP Has $398,000 Stake in Sprinklr, Inc. (NYSE:CXM)

Versor Investments LP lowered its holdings in shares of Sprinklr, Inc. (NYSE:CXMFree Report) by 36.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,768 shares of the company’s stock after selling 16,832 shares during the period. Versor Investments LP’s holdings in Sprinklr were worth $398,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in Sprinklr during the third quarter worth about $146,000. Lisanti Capital Growth LLC bought a new stake in Sprinklr during the 3rd quarter worth approximately $2,672,000. Principal Financial Group Inc. raised its position in Sprinklr by 61.5% in the 3rd quarter. Principal Financial Group Inc. now owns 324,681 shares of the company’s stock valued at $4,494,000 after purchasing an additional 123,589 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Sprinklr by 18.0% in the third quarter. Teacher Retirement System of Texas now owns 64,500 shares of the company’s stock worth $893,000 after purchasing an additional 9,834 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in Sprinklr in the third quarter worth $656,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $12.83 on Wednesday. The company has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $13.75. The company has a market capitalization of $3.51 billion, a PE ratio of 116.65, a PEG ratio of 2.84 and a beta of 0.88. Sprinklr, Inc. has a 52 week low of $9.79 and a 52 week high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $186.33 million during the quarter, compared to analyst estimates of $180.42 million. Sprinklr had a net margin of 4.21% and a return on equity of 4.96%. Sprinklr’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, sell-side analysts forecast that Sprinklr, Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the sale, the insider now directly owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ragy Thomas sold 16,181 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.48, for a total value of $185,757.88. Following the completion of the transaction, the chief executive officer now owns 449,956 shares of the company’s stock, valued at approximately $5,165,494.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 299,697 shares of company stock worth $4,116,078. 40.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JMP Securities cut their price target on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Thursday, December 7th. TheStreet lowered shares of Sprinklr from a “c-” rating to a “d+” rating in a research report on Thursday, December 28th. Stifel Nicolaus lowered their target price on Sprinklr from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, December 7th. Morgan Stanley cut their price target on Sprinklr from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Finally, BTIG Research lowered shares of Sprinklr from a “buy” rating to a “neutral” rating in a research note on Thursday, December 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.17.

View Our Latest Analysis on Sprinklr

Sprinklr Profile

(Free Report)

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

Further Reading

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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