George Kaiser Family Foundation Sells 122,932 Shares of Sprinklr, Inc. (NYSE:CXM)

George Kaiser Family Foundation lowered its stake in Sprinklr, Inc. (NYSE:CXMFree Report) by 42.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,468 shares of the company’s stock after selling 122,932 shares during the quarter. Sprinklr accounts for approximately 0.4% of George Kaiser Family Foundation’s portfolio, making the stock its 13th largest position. George Kaiser Family Foundation’s holdings in Sprinklr were worth $1,992,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cadian Capital Management LP increased its stake in Sprinklr by 14.7% during the 3rd quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company’s stock valued at $155,072,000 after purchasing an additional 1,434,907 shares in the last quarter. Vanguard Group Inc. increased its stake in Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock valued at $161,618,000 after purchasing an additional 1,399,510 shares in the last quarter. Stanley Laman Group Ltd. increased its stake in Sprinklr by 1,185.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after purchasing an additional 964,333 shares in the last quarter. Federated Hermes Inc. increased its stake in Sprinklr by 234.5% during the 3rd quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock valued at $10,731,000 after purchasing an additional 543,588 shares in the last quarter. Finally, RK Capital Management LLC bought a new stake in Sprinklr during the 3rd quarter valued at $5,515,000. Institutional investors own 40.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities boosted their price target on shares of Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Company boosted their price objective on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. KeyCorp initiated coverage on Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Sprinklr has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

View Our Latest Research Report on CXM

Insider Buying and Selling

In related news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total value of $3,864,800.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 495,273 shares of company stock worth $6,083,127. Insiders own 30.12% of the company’s stock.

Sprinklr Price Performance

Shares of CXM traded up $0.07 during midday trading on Friday, hitting $12.06. 743,101 shares of the company traded hands, compared to its average volume of 1,521,140. The stock has a 50-day moving average of $12.22 and a 200-day moving average of $12.76. The firm has a market cap of $3.29 billion, a P/E ratio of 67.00, a PEG ratio of 2.32 and a beta of 0.87. Sprinklr, Inc. has a one year low of $10.93 and a one year high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $194.21 million for the quarter, compared to analysts’ expectations of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. Sell-side analysts forecast that Sprinklr, Inc. will post 0.17 EPS for the current fiscal year.

About Sprinklr

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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