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

Squarepoint Ops LLC decreased its position in Sprinklr, Inc. (NYSE:CXM - Free Report) by 49.7% in the fourth quarter, according to its most recent 13F filing with the SEC. 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC purchased a new stake in Sprinklr in the 4th quarter worth approximately $34,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the 4th quarter valued at $89,000. Cibc World Markets Corp acquired a new stake in shares of Sprinklr during the 4th quarter valued at $92,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at $105,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 60.53% of the company's stock.

Sprinklr Stock Down 0.8%

CXM stock traded down $0.07 during midday trading on Monday, hitting $8.69. 2,130,889 shares of the company traded hands, compared to its average volume of 1,982,575. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $10.27. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The business has a 50 day simple moving average of $7.87 and a 200-day simple moving average of $8.44.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CXM shares. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday. Morgan Stanley lifted their price target on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday. DA Davidson boosted their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday. Scotiabank increased their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sprinklr has an average rating of "Hold" and an average target price of $10.25.

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.