Algert Global LLC Makes New Investment in Sprinklr, Inc. $CXM

Key Points

• Algert Global LLC acquired a new position in Sprinklr, purchasing 84,760 shares valued at approximately $708,000 during the first quarter of the year.
• A total of 40.19% of Sprinklr's stock is owned by hedge funds and institutional investors, reflecting growing interest in the company.
• Sprinklr reported $205.50 million in revenue for the latest quarter, surpassing analyst expectations and resulting in a net margin of 13.57%.

Algert Global LLC bought a new position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 84,760 shares of the company's stock, valued at approximately $708,000.

A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in Sprinklr during the first quarter worth about $537,000. Fox Run Management L.L.C. purchased a new position in Sprinklr during the first quarter worth about $277,000. Public Sector Pension Investment Board increased its position in shares of Sprinklr by 28.3% during the first quarter. Public Sector Pension Investment Board now owns 354,563 shares of the company's stock valued at $2,961,000 after acquiring an additional 78,190 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sprinklr during the first quarter valued at about $4,341,000. Finally, Invesco Ltd. increased its position in shares of Sprinklr by 9.0% during the first quarter. Invesco Ltd. now owns 495,076 shares of the company's stock valued at $4,134,000 after acquiring an additional 40,701 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CXM shares. Cantor Fitzgerald started coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Finally, DA Davidson lifted their price target 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. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of "Hold" and an average price target of $10.25.

Insider Transactions at Sprinklr

In related news, Director Ragy Thomas sold 3,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $8.37, for a total value of $25,110,000.00. Following the sale, the director owned 766,217 shares of the company's stock, valued at $6,413,236.29. This trade represents a 79.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jacob Scott sold 62,422 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $7.99, for a total transaction of $498,751.78. Following the completion of the sale, the general counsel directly owned 441,664 shares in the company, valued at approximately $3,528,895.36. This trade represents a 12.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,512,691 shares of company stock valued at $85,942,764 over the last quarter. Insiders own 60.53% of the company's stock.

Sprinklr Stock Performance

NYSE CXM opened at $8.7150 on Friday. The firm has a 50 day simple moving average of $8.61 and a 200-day simple moving average of $8.39. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $9.69. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.92 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 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 business had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. During the same quarter last year, the firm posted $0.09 earnings per share. The business'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. Equities analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Sprinklr 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.

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