Nuveen LLC Invests $4.34 Million in Sprinklr, Inc. $CXM

Key Points

• Nuveen LLC has acquired 519,935 shares of Sprinklr, Inc. valued at approximately $4.34 million, representing about 0.20% of the company's stock as of their latest SEC filing.
• Several analysts have recently revised their price targets for Sprinklr, with Wells Fargo raising it to $7.00 and Rosenblatt Securities issuing a "buy" rating at a target price of $12.00.
• Insider transactions have seen substantial selling activity, with Director Ragy Thomas selling 3 million shares, representing a 75.49% decrease in ownership.

Nuveen LLC acquired a new stake in Sprinklr, Inc. (NYSE:CXM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 519,935 shares of the company's stock, valued at approximately $4,341,000. Nuveen LLC owned approximately 0.20% of Sprinklr at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Sprinklr by 8.5% in the 1st 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 in the last quarter. Jefferies Financial Group Inc. increased its holdings in Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after buying an additional 2,851,106 shares in the last quarter. Deutsche Bank AG increased its holdings in Sprinklr by 2.7% in the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock valued at $23,597,000 after buying an additional 73,405 shares in the last quarter. Letko Brosseau & Associates Inc. increased its holdings in Sprinklr by 1.0% in the first quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company's stock valued at $14,603,000 after buying an additional 17,275 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Sprinklr by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company's stock valued at $13,028,000 after buying an additional 65,897 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CXM. Wall Street Zen cut shares of Sprinklr from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, June 27th. Finally, Wells Fargo & Company increased their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.25.

Insider Buying and Selling

In other news, CFO Manish Sarin sold 174,749 shares of Sprinklr stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the completion of the sale, the chief financial officer directly owned 732,421 shares in the company, valued at $6,643,058.47. The trade was a 19.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Arun Pattabhiraman sold 16,222 shares of Sprinklr stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.17, for a total transaction of $132,533.74. Following the sale, the chief marketing officer owned 551,206 shares of the company's stock, valued at approximately $4,503,353.02. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,512,691 shares of company stock valued at $85,942,764. 60.53% of the stock is owned by company insiders.

Sprinklr Price Performance

Shares of NYSE CXM traded down $0.15 on Monday, hitting $8.60. The company's stock had a trading volume of 4,107,358 shares, compared to its average volume of 1,700,470. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $9.69. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.98 and a beta of 0.81. The stock has a 50 day moving average of $8.65 and a 200-day moving average of $8.37.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. Sprinklr has set its FY 2026 guidance at 0.390-0.400 EPS. Q2 2026 guidance at 0.100-0.100 EPS. Sell-side analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Sprinklr Company 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.