Sprinklr, Inc. $CXM Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Sprinklr stake by 966.8% in the first quarter, holding 248,193 shares worth approximately $1.49 million. Institutional investors and hedge funds collectively own 40.19% of CXM.
• Sprinklr reported quarterly EPS of $0.11, beating estimates by $0.01, while revenue rose 6.8% year over year to $219.48 million. The stock opened at $7.04, with a market capitalization of approximately $1.65 billion.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $7.79 price target after several firms lowered their targets. Insiders sold 395,880 shares worth $2.21 million over the past 90 days, including sales by the CEO and general counsel.

Quantinno Capital Management LP boosted its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 966.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 248,193 shares of the company's stock after purchasing an additional 224,928 shares during the period. Quantinno Capital Management LP owned approximately 0.10% of Sprinklr worth $1,489,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CXM. Dimensional Fund Advisors LP grew its holdings in shares of Sprinklr by 19.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company's stock worth $15,891,000 after buying an additional 438,083 shares during the last quarter. Private Management Group Inc. raised its stake in Sprinklr by 1,249.3% during the 4th quarter. Private Management Group Inc. now owns 2,412,330 shares of the company's stock valued at $18,768,000 after acquiring an additional 2,233,542 shares during the last quarter. SG Americas Securities LLC lifted its position in Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company's stock worth $50,265,000 after acquiring an additional 3,846,652 shares during the period. First Trust Advisors LP lifted its position in Sprinklr by 214.3% during the 1st quarter. First Trust Advisors LP now owns 634,417 shares of the company's stock worth $3,807,000 after acquiring an additional 432,565 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Sprinklr in the 4th quarter valued at approximately $914,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Performance

Sprinklr stock opened at $7.04 on Friday. Sprinklr, Inc. has a one year low of $4.72 and a one year high of $8.85. The business has a fifty day moving average of $5.73 and a two-hundred day moving average of $5.67. The company has a market cap of $1.65 billion, a P/E ratio of 58.67 and a beta of 0.58.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%. The business had revenue of $219.48 million for the quarter, compared to analysts' expectations of $215.89 million. During the same period in the prior year, the company posted $0.12 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. Sell-side analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

CXM has been the topic of a number of recent research reports. DA Davidson dropped their target price on Sprinklr from $6.25 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, June 4th. Citigroup lowered their price objective on shares of Sprinklr from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, June 4th. Weiss Ratings raised shares of Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities dropped their price objective on shares of Sprinklr from $12.00 to $8.50 and set a "buy" rating on the stock in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.79.

Insider Buying and Selling

In other news, CEO Rory P. Read sold 143,654 shares of Sprinklr stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $761,366.20. Following the completion of the sale, the chief executive officer directly owned 3,419,190 shares in the company, valued at approximately $18,121,707. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jacob Scott sold 71,585 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $6.97, for a total value of $498,947.45. Following the sale, the general counsel directly owned 576,827 shares in the company, valued at $4,020,484.19. This trade represents a 11.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 395,880 shares of company stock valued at $2,210,116 in the last 90 days. 25.18% of the stock is owned by corporate insiders.

Sprinklr Company Profile

Sprinklr, Inc NYSE: CXM is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr's platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source