CenterBook Partners LP Sells 155,960 Shares of Sprinklr, Inc. (NYSE:CXM)

CenterBook Partners LP reduced its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 49.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 161,236 shares of the company's stock after selling 155,960 shares during the quarter. CenterBook Partners LP owned approximately 0.06% of Sprinklr worth $1,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the period. Bank of America Corp DE grew its stake in shares of Sprinklr by 34.2% in the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after acquiring an additional 224,886 shares in the last quarter. Northern Trust Corp grew its stake in shares of Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after acquiring an additional 38,895 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Sprinklr in the 4th quarter worth $424,000. Finally, Jefferies Financial Group Inc. grew its stake in shares of Sprinklr by 96.4% in the 4th 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 in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on CXM. DA Davidson increased their price target on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. JMP Securities restated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, June 27th. Rosenblatt Securities restated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Wells Fargo & Company increased their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.25.

Insider Buying and Selling at Sprinklr

In other news, CMO Arun Pattabhiraman sold 16,222 shares of Sprinklr stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.17, for a total transaction of $132,533.74. Following the transaction, the chief marketing officer directly owned 551,206 shares of the company's stock, valued at $4,503,353.02. The trade was a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ragy Thomas sold 3,000,000 shares of Sprinklr stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $8.37, for a total value of $25,110,000.00. Following the transaction, the director directly owned 766,217 shares in the company, valued at approximately $6,413,236.29. The trade was a 79.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,512,762 shares of company stock worth $85,940,959. 60.53% of the stock is owned by corporate insiders.

Sprinklr Stock Down 0.1%

Shares of NYSE:CXM traded down $0.01 on Friday, hitting $9.00. 2,005,820 shares of the company traded hands, compared to its average volume of 2,064,880. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.93. The stock has a 50 day simple moving average of $8.48 and a 200-day simple moving average of $8.40. The company has a market cap of $2.33 billion, a PE ratio of 21.95, a PEG ratio of 1.98 and a beta of 0.80.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping 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 company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same period last year, the company earned $0.09 EPS. Sprinklr's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

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.