Deutsche Bank AG Sells 9,723 Shares of Sprinklr, Inc. (NYSE:CXM)

Deutsche Bank AG decreased its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,782,860 shares of the company’s stock after selling 9,723 shares during the quarter. Deutsche Bank AG owned about 1.09% of Sprinklr worth $23,237,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CXM. Jefferies Financial Group Inc. lifted its position in Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. Vanguard Group Inc. lifted its position in Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock valued at $121,065,000 after purchasing an additional 1,138,542 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Sprinklr during the fourth quarter valued at $3,786,000. Tudor Investment Corp ET AL bought a new position in Sprinklr during the fourth quarter valued at $3,422,000. Finally, Nuveen Asset Management LLC lifted its position in Sprinklr by 139.6% during the fourth quarter. Nuveen Asset Management LLC now owns 691,277 shares of the company’s stock valued at $5,841,000 after purchasing an additional 402,761 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

CXM stock opened at $8.27 on Thursday. The company has a market capitalization of $2.14 billion, a PE ratio of 20.17, a P/E/G ratio of 1.76 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.69. The firm’s 50-day moving average is $8.64 and its 200 day moving average is $8.43.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ragy Thomas sold 3,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.94, for a total value of $23,820,000.00. Following the transaction, the director owned 974,286 shares of the company’s stock, valued at $7,735,830.84. This trade represents a 75.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Roger H. Lee sold 285,439 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the completion of the transaction, the insider directly owned 229,360 shares in the company, valued at $1,990,844.80. This represents a 55.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,512,691 shares of company stock worth $85,942,764 over the last ninety days. 60.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CXM has been the subject of several research reports. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 price objective for the company. Wall Street Zen lowered shares of Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Rosenblatt Securities restated a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus target price of $10.25.

About Sprinklr

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.