Sprinklr, Inc. (NYSE:CXM) Shares Sold by Caisse Des Depots ET Consignations

Key Points

• Caisse Des Depots ET Consignations has decreased its stake in Sprinklr, Inc. by 23.8%, selling 40,258 shares and retaining 128,737 shares worth approximately $1,075,000.
• The stock currently has a market capitalization of $2.19 billion with a P/E ratio of 20.67 and recently opened at $8.48.
• In related news, Sprinklr's Director sold 3 million shares for over $25 million, significantly reducing their ownership by 79.66%.

Caisse Des Depots ET Consignations cut its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,737 shares of the company's stock after selling 40,258 shares during the quarter. Caisse Des Depots ET Consignations owned approximately 0.05% of Sprinklr worth $1,075,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Sprinklr by 4.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,097,526 shares of the company's stock worth $9,164,000 after buying an additional 42,234 shares during the last quarter. Vanguard Group Inc. increased its holdings in Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after buying an additional 1,138,542 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Sprinklr by 69.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company's stock worth $54,000 after buying an additional 2,668 shares during the last quarter. Letko Brosseau & Associates Inc. increased its holdings in Sprinklr by 1.0% during the first quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company's stock worth $14,603,000 after buying an additional 17,275 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Sprinklr during the first quarter worth about $411,000. 40.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CXM. Wall Street Zen lowered shares of Sprinklr from a "buy" rating to a "hold" rating in a research report on Saturday. DA Davidson raised their price objective 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. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald began coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.25.

Insider Activity at Sprinklr

In other news, CFO Manish Sarin sold 174,749 shares of Sprinklr 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 sale, the chief financial officer owned 732,421 shares in the company, valued at $6,643,058.47. This trade represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Jacob Scott sold 62,422 shares of the firm's stock in a transaction 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 transaction, the general counsel directly owned 441,664 shares of the company's stock, valued at approximately $3,528,895.36. This trade represents a 12.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,512,691 shares of company stock worth $85,942,764 in the last 90 days. Insiders own 60.53% of the company's stock.

Sprinklr Price Performance

CXM stock traded up $0.07 during trading on Tuesday, hitting $7.97. 682,180 shares of the stock traded hands, compared to its average volume of 1,943,442. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $9.69. The firm's 50 day moving average is $8.66 and its two-hundred day moving average is $8.43. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced 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. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. Sprinklr's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, analysts anticipate 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.