Squarepoint Ops LLC Sells 49,060 Shares of Sprinklr, Inc. (NYSE:CXM)

Squarepoint Ops LLC trimmed its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,598 shares of the company's stock after selling 49,060 shares during the period. Squarepoint Ops LLC's holdings in Sprinklr were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after buying an additional 1,928 shares during the last quarter. EPIQ Capital Group LLC raised its stake in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after acquiring an additional 2,664 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock worth $238,000 after purchasing an additional 2,700 shares during the period. Ancora Advisors LLC bought a new stake in shares of Sprinklr in the fourth quarter worth about $34,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Sprinklr by 7.9% in the fourth 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 during the last quarter. 40.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 60.53% of the stock is currently owned by company insiders.

Sprinklr Stock Down 1.1%

Shares of NYSE:CXM traded down $0.10 during midday trading on Friday, reaching $8.75. The company's stock had a trading volume of 2,989,819 shares, compared to its average volume of 1,981,979. The firm has a 50 day moving average of $7.87 and a 200-day moving average of $8.44. The firm has a market capitalization of $2.24 billion, a P/E ratio of 54.69, a PEG ratio of 2.31 and a beta of 0.81. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $10.27.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The business had revenue of $205.50 million for the quarter, compared to analysts' expectations of $201.83 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

CXM has been the subject of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday. Morgan Stanley upped their target price on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday. DA Davidson lifted their price target on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.25.

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.