33,100 Shares in Sprinklr, Inc. (NYSE:CXM) Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH made a new investment of $276,000 in Sprinklr, Inc., acquiring 33,100 shares during the first quarter of the year.
• Director Neeraj Agrawal recently sold 378,940 shares, while Director Ragy Thomas sold 3,000,000 shares, indicating significant insider selling activity.
• Analysts have set varied price targets for Sprinklr, with consensus indicating a "Hold" rating and an average target price of $10.25.

Allianz Asset Management GmbH bought a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,100 shares of the company's stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also modified their holdings of CXM. KLP Kapitalforvaltning AS acquired a new stake in Sprinklr during the fourth quarter valued at $188,000. Norges Bank bought a new position in Sprinklr during the fourth quarter valued at about $16,477,000. Trexquant Investment LP bought a new stake in shares of Sprinklr in the 4th quarter valued at approximately $566,000. ExodusPoint Capital Management LP bought a new stake in Sprinklr during the 4th quarter worth approximately $1,686,000. Finally, Wells Fargo & Company MN grew its position in Sprinklr by 28.0% during the 4th quarter. Wells Fargo & Company MN now owns 59,965 shares of the company's stock worth $507,000 after acquiring an additional 13,110 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company's stock.

Sprinklr Price Performance

Shares of Sprinklr stock traded down $0.61 during trading on Thursday, hitting $8.43. The company's stock had a trading volume of 815,170 shares, compared to its average volume of 1,949,121. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.96 and a beta of 0.81. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.69. The stock has a 50-day moving average price of $8.67 and a two-hundred day moving average price of $8.44.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share 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 firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business's quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. Wells Fargo & Company lifted their price target on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.25.

Insider Buying and Selling

In other Sprinklr news, insider Scott Michael Harvey sold 21,422 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $9.00, for a total value of $192,798.00. Following the completion of the sale, the insider owned 681,910 shares in the company, valued at approximately $6,137,190. This trade represents a 3.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Manish Sarin sold 174,749 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 732,421 shares of the company's stock, valued at $6,643,058.47. This represents a 19.26% decrease in their ownership of the stock. 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. Insiders own 60.53% of the company's stock.

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.