Sprinklr, Inc. $CXM Stock Holdings Cut by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Sprinklr, Inc. by 5.5%, selling 67,420 shares and now holding approximately 1,165,291 shares valued at $9.73 million.
• Several large investors, including Vanguard Group Inc. and Jefferies Financial Group Inc., have increased their stakes in Sprinklr, reflecting renewed interest in the company, which is now 40.19% owned by institutional investors.
• In the latest earnings report, Sprinklr beat analysts' expectations with earnings per share of $0.13 and a revenue of $212.04 million, indicating a growth of 7.5% year-over-year.

Northern Trust Corp trimmed its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,165,291 shares of the company's stock after selling 67,420 shares during the quarter. Northern Trust Corp owned 0.46% of Sprinklr worth $9,730,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 1,138,542 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after acquiring an additional 2,851,106 shares during the last quarter. Deutsche Bank AG increased its position in shares of Sprinklr by 2.7% during the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock worth $23,597,000 after acquiring an additional 73,405 shares during the last quarter. Letko Brosseau & Associates Inc. increased its position in shares of 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 acquiring an additional 17,275 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Sprinklr by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company's stock worth $13,028,000 after acquiring an additional 65,897 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Up 2.8%

Shares of NYSE:CXM traded up $0.22 during trading on Thursday, hitting $7.93. 1,503,752 shares of the company traded hands, compared to its average volume of 2,237,159. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $9.69. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 17.61 and a beta of 0.81. The business's fifty day moving average is $8.58 and its 200-day moving average is $8.32.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. Sprinklr had a return on equity of 8.59% and a net margin of 14.64%.The business had revenue of $212.04 million during the quarter, compared to analyst estimates of $205.39 million. During the same period in the prior year, the company posted $0.07 EPS. The business's revenue for the quarter 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, analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CXM. Wall Street Zen raised Sprinklr from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Citigroup lowered their price objective on Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday. Cantor Fitzgerald assumed coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. DA Davidson boosted their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, Barclays lowered their price objective on Sprinklr from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.00.

Insiders Place Their Bets

In related news, Director Ragy Thomas sold 3,000,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total value of $23,820,000.00. Following the completion of the transaction, the director directly owned 974,286 shares of the company's stock, valued at $7,735,830.84. This represents a 75.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Jacob Scott sold 62,422 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $7.99, for a total value 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 $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. Over the last three months, insiders sold 9,561,373 shares of company stock worth $77,660,908. 60.53% of the stock is owned by company insiders.

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.