Sprinklr, Inc. (NYSE:CXM) Shares Sold by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. reduced its holdings in Sprinklr, Inc. by 38.8% in the first quarter, owning 3,557,000 shares valued at approximately $29.7 million after selling 2,250,400 shares.
• Several hedge funds increased their positions in Sprinklr, with GAMMA Investing LLC boosting its stake by 209.5% during the same period.
• Analysts have set varying price targets for Sprinklr, with DA Davidson raising its target to $9.00 and Morgan Stanley to $10.00, while maintaining a consensus rating of "Hold" for the stock.

Jefferies Financial Group Inc. decreased its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 38.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,557,000 shares of the company's stock after selling 2,250,400 shares during the period. Jefferies Financial Group Inc. owned approximately 1.39% of Sprinklr worth $29,701,000 as of its most recent filing with the Securities & Exchange Commission.

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

Sprinklr Trading Down 4.9%

Shares of CXM stock traded down $0.44 during trading hours on Friday, hitting $8.57. The company's stock had a trading volume of 1,923,657 shares, compared to its average volume of 2,162,908. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.89 and a beta of 0.81. The business has a fifty day moving average of $8.63 and a 200-day moving average of $8.44. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $9.69.

Sprinklr (NYSE:CXM - Get Free Report) last released its earnings results 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 return on equity of 6.86% and a net margin of 13.57%. The firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. During the same period in the prior year, the firm posted $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 expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. DA Davidson raised their target price on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.25.

Insider Activity

In other Sprinklr 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 transaction, the chief financial officer directly owned 732,421 shares of the company's stock, 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 accessible through this hyperlink. Also, Director Neeraj Agrawal sold 378,940 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $8.76, for a total value of $3,319,514.40. Following the sale, the director owned 321,304 shares in the company, valued at approximately $2,814,623.04. The trade was a 54.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,512,691 shares of company stock valued at $85,942,764 over the last quarter. 60.53% of the stock is owned by insiders.

About Sprinklr

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.