Voya Investment Management LLC Lowers Stock Position in Sprinklr, Inc. $CXM

Key Points

• Voya Investment Management LLC reduced its stake in Sprinklr by 31.4% in the first quarter, while several other hedge funds increased their holdings significantly.
• Insider transactions show that Director Ragy Thomas sold 3,000,000 shares for approximately $25 million, decreasing his ownership by 79.66%.
• Sprinklr recently reported earnings of $0.13 EPS, surpassing analyst expectations, with a revenue increase of 7.5% year-over-year.

Voya Investment Management LLC lessened its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 31.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,118 shares of the company's stock after selling 170,875 shares during the quarter. Voya Investment Management LLC owned approximately 0.14% of Sprinklr worth $3,124,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sprinklr by 69.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company's stock valued at $54,000 after acquiring an additional 2,668 shares in the last quarter. Quarry LP increased its stake in shares of Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Sprinklr in the 1st quarter valued at $105,000. Finally, Ieq Capital LLC bought a new stake in shares of Sprinklr in the 1st quarter valued at $107,000. Institutional investors own 40.19% of the company's stock.

Sprinklr Price Performance

Shares of CXM traded down $0.03 during midday trading on Tuesday, hitting $7.88. 398,447 shares of the company traded hands, compared to its average volume of 2,006,353. The stock has a 50-day moving average of $8.43 and a 200-day moving average of $8.28. The firm has a market cap of $1.92 billion, a P/E ratio of 17.48 and a beta of 0.81. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $9.69.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $212.04 million for the quarter, compared to analysts' expectations of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. Sprinklr's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. Sell-side analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Sprinklr from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Citigroup decreased their price target on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, September 9th. DA Davidson boosted their price target on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Morgan Stanley boosted their price target on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company boosted their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.00.

Insiders Place Their Bets

In related news, Director Ragy Thomas sold 28,916 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.75, for a total value of $224,099.00. Following the completion of the sale, the director owned 737,301 shares of the company's stock, valued at $5,714,082.75. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Jacob Scott sold 6,688 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.75, for a total value of $51,832.00. Following the completion of the sale, the general counsel directly owned 434,976 shares of the company's stock, valued at $3,371,064. The trade was a 1.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,442,382 shares of company stock valued at $52,838,555 over the last 90 days. Company insiders own 60.53% of the company's stock.

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.