115,573 Shares in Sprinklr, Inc. $CXM Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprinklr, Inc. (NYSE:CXM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 115,573 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds have also made changes to their positions in CXM. Globeflex Capital L P purchased a new position in Sprinklr during the 2nd quarter worth approximately $1,310,000. Dimensional Fund Advisors LP raised its stake in Sprinklr by 19.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after purchasing an additional 438,083 shares during the period. Quantinno Capital Management LP raised its stake in Sprinklr by 966.8% during the 1st quarter. Quantinno Capital Management LP now owns 248,193 shares of the company’s stock valued at $1,489,000 after purchasing an additional 224,928 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Sprinklr by 37.5% in the first quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock valued at $5,220,000 after purchasing an additional 237,216 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Sprinklr by 214.3% in the first quarter. First Trust Advisors LP now owns 634,417 shares of the company’s stock valued at $3,807,000 after purchasing an additional 432,565 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Jacob Scott sold 26,094 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $144,821.70. Following the transaction, the general counsel directly owned 550,733 shares of the company’s stock, valued at approximately $3,056,568.15. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rory Read sold 203,666 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $5.17, for a total value of $1,052,953.22. Following the sale, the chief executive officer owned 3,069,659 shares of the company’s stock, valued at approximately $15,870,137.03. This represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 508,207 shares of company stock valued at $2,773,654 in the last three months. Company insiders own 25.18% of the company’s stock.

Sprinklr Stock Performance

Shares of CXM opened at $6.67 on Monday. The company’s 50 day moving average price is $6.00 and its 200 day moving average price is $5.85. Sprinklr, Inc. has a 52 week low of $4.72 and a 52 week high of $8.27. The company has a market capitalization of $1.55 billion, a PE ratio of 66.76 and a beta of 0.67.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. On average, equities analysts forecast that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CXM has been the subject of several recent analyst reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of Sprinklr in a research report on Monday, September 21st. Cantor Fitzgerald reissued a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Rosenblatt Securities reissued a “buy” rating and set a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research note on Monday, September 14th. Finally, UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sprinklr has an average rating of “Hold” and a consensus price target of $8.21.

About Sprinklr

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