Hussman Strategic Advisors Inc. purchased a new stake in Sprinklr, Inc. (NYSE:CXM – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 105,000 shares of the company’s stock, valued at approximately $811,000.
A number of other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. boosted its position in shares of Sprinklr by 2,385.5% in the third quarter. Pacer Advisors Inc. now owns 694,200 shares of the company’s stock valued at $5,359,000 after acquiring an additional 666,270 shares during the period. Norges Bank bought a new stake in Sprinklr during the 2nd quarter worth approximately $10,310,000. Jefferies Financial Group Inc. lifted its stake in Sprinklr by 31.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company’s stock worth $39,610,000 after purchasing an additional 1,125,000 shares in the last quarter. CenterBook Partners LP boosted its holdings in Sprinklr by 212.2% in the 2nd quarter. CenterBook Partners LP now owns 503,304 shares of the company’s stock valued at $4,258,000 after purchasing an additional 342,068 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Sprinklr by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 755,728 shares of the company’s stock valued at $6,393,000 after purchasing an additional 213,000 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.
Sprinklr Stock Performance
CXM stock opened at $6.57 on Thursday. The company has a market capitalization of $1.62 billion, a PE ratio of 15.63 and a beta of 0.77. Sprinklr, Inc. has a one year low of $6.48 and a one year high of $9.69. The company’s 50 day moving average price is $7.43 and its two-hundred day moving average price is $7.84.
Insider Activity
In related news, Director Ragy Thomas sold 24,952 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $7.78, for a total transaction of $194,126.56. Following the completion of the sale, the director directly owned 712,349 shares in the company, valued at $5,542,075.22. This represents a 3.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Jacob Scott sold 21,665 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $7.12, for a total value of $154,254.80. Following the transaction, the general counsel owned 404,723 shares in the company, valued at approximately $2,881,627.76. The trade was a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 704,972 shares of company stock valued at $5,313,012. Company insiders own 60.53% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CXM. Weiss Ratings raised Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Sprinklr in a report on Wednesday, December 3rd. Wall Street Zen lowered Sprinklr from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson restated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 4th. Finally, Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.89.
Get Our Latest Analysis on CXM
Sprinklr Company Profile
Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.
Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.
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