Panagora Asset Management Inc. Buys 316,868 Shares of Sprinklr, Inc. $CXM

Key Points

• Panagora Asset Management Inc. significantly increased its stake in Sprinklr, acquiring 316,868 shares, leading to a total of 394,308 shares owned, valued at approximately $3.29 million.
• Insider trading activity included CFO Manish Sarin selling 174,749 shares and Director Ragy Thomas selling 3 million shares, reflecting large decreases in their ownership.
• Analysts have mixed views on Sprinklr's stock, with price targets ranging from $7.00 to $17.00 and a consensus rating of "Hold" with a target price of $10.25.

Panagora Asset Management Inc. boosted its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 409.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 394,308 shares of the company's stock after purchasing an additional 316,868 shares during the period. Panagora Asset Management Inc. owned about 0.15% of Sprinklr worth $3,292,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after buying an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Sprinklr by 69.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company's stock worth $54,000 after acquiring an additional 2,668 shares during the period. AlphaQuest LLC grew its holdings in Sprinklr by 12.8% during the 1st quarter. AlphaQuest LLC now owns 34,118 shares of the company's stock worth $285,000 after acquiring an additional 3,882 shares during the period. Ancora Advisors LLC acquired a new stake in Sprinklr during the 4th quarter worth about $34,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Sprinklr by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock worth $482,000 after purchasing an additional 4,194 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Battery Partners Ix, Llc sold 81,869 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $8.55, for a total value of $699,979.95. Following the completion of the transaction, the insider directly owned 82,500 shares in the company, valued at approximately $705,375. The trade was a 49.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Michael Harvey sold 121,057 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $8.32, for a total transaction of $1,007,194.24. Following the completion of the transaction, the insider owned 703,332 shares of the company's stock, valued at $5,851,722.24. This trade represents a 14.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,143,242 shares of company stock valued at $82,738,467 in the last three months. 60.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CXM has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research report on Thursday. Morgan Stanley raised their price target 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. Wall Street Zen raised shares of Sprinklr from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company lifted their target price on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald assumed coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.10.

Sprinklr Stock Performance

Sprinklr stock traded down $0.03 during mid-day trading on Friday, reaching $7.81. The company's stock had a trading volume of 2,495,683 shares, compared to its average volume of 2,223,785. 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 $2.02 billion, a P/E ratio of 17.34 and a beta of 0.81. The firm's fifty day moving average price is $8.64 and its two-hundred day moving average price is $8.35.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The firm had revenue of $212.04 million during the quarter, compared to the consensus estimate of $205.39 million. During the same period last year, the firm earned $0.07 EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. On average, research 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.