Vontobel Holding Ltd. Buys Shares of 48,941 Sprinklr, Inc. (NYSE:CXM)

Vontobel Holding Ltd. bought a new stake in Sprinklr, Inc. (NYSE:CXM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,941 shares of the company’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Sprinklr by 13.6% during the third quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after buying an additional 1,399,510 shares during the period. Cadian Capital Management LP boosted its position in shares of Sprinklr by 14.7% during the third quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company’s stock worth $155,072,000 after buying an additional 1,434,907 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Sprinklr by 228.3% during the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after buying an additional 708,655 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sprinklr by 36.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock worth $12,153,000 after purchasing an additional 235,111 shares during the period. Finally, Federated Hermes Inc. lifted its position in Sprinklr by 234.5% in the third quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock worth $10,731,000 after purchasing an additional 543,588 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Manish Sarin sold 49,234 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $641,519.02. Following the completion of the transaction, the chief financial officer now directly owns 595,712 shares in the company, valued at $7,762,127.36. The disclosure for this sale can be found here. Insiders have sold a total of 495,513 shares of company stock valued at $6,087,581 in the last three months. 40.29% of the stock is currently owned by company insiders.

Sprinklr Stock Up 1.1 %

Shares of NYSE:CXM opened at $11.47 on Tuesday. The company’s fifty day moving average is $12.62 and its two-hundred day moving average is $13.03. Sprinklr, Inc. has a 12-month low of $10.93 and a 12-month high of $17.14. The company has a market cap of $3.13 billion, a P/E ratio of 63.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The company had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. Equities research analysts anticipate that Sprinklr, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TheStreet downgraded Sprinklr from a “c-” rating to a “d+” rating in a research report on Thursday, December 28th. Oppenheimer restated a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. KeyCorp assumed coverage on Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 target price for the company. William Blair restated an “outperform” rating on shares of Sprinklr in a research report on Monday. Finally, Rosenblatt Securities upped their target price on Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Sprinklr currently has a consensus rating of “Moderate Buy” and an average target price of $16.90.

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.