Stanley Laman Group Ltd. Acquires 77,463 Shares of Sprinklr, Inc. (NYSE:CXM)

Stanley Laman Group Ltd. increased its stake in Sprinklr, Inc. (NYSE:CXM - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,610 shares of the company's stock after purchasing an additional 77,463 shares during the quarter. Sprinklr accounts for 0.9% of Stanley Laman Group Ltd.'s portfolio, making the stock its 21st largest position. Stanley Laman Group Ltd. owned about 0.27% of Sprinklr worth $5,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CXM. Barclays PLC increased its position in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after purchasing an additional 179,661 shares during the last quarter. SG Americas Securities LLC bought a new stake in Sprinklr during the fourth quarter valued at approximately $89,000. Bank of New York Mellon Corp increased its holdings in Sprinklr by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock valued at $12,627,000 after buying an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sprinklr by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock worth $8,917,000 after acquiring an additional 18,021 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Sprinklr by 41.5% during the 4th quarter. Victory Capital Management Inc. now owns 87,070 shares of the company's stock worth $736,000 after acquiring an additional 25,552 shares during the last quarter. Institutional investors own 40.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CXM shares. Wells Fargo & Company upped their price objective on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, June 5th. DA Davidson lifted their target price on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Cantor Fitzgerald began coverage on Sprinklr in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price target for the company. Morgan Stanley raised their price objective on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Finally, Scotiabank lifted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Two research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.25.

Insider Activity at Sprinklr

In other news, major shareholder Roger H. Lee sold 285,439 shares of Sprinklr stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $8.68, for a total value of $2,477,610.52. Following the sale, the insider now directly owns 229,360 shares of the company's stock, valued at approximately $1,990,844.80. The trade was a 55.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Neeraj Agrawal sold 378,940 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $8.76, for a total value of $3,319,514.40. Following the completion of the sale, the director now owns 321,304 shares in the company, valued at $2,814,623.04. This represents a 54.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 952,824 shares of company stock valued at $8,293,482. Corporate insiders own 60.53% of the company's stock.

Sprinklr Trading Down 1.8%

CXM traded down $0.15 on Friday, hitting $7.96. 2,240,684 shares of the company's stock traded hands, compared to its average volume of 1,986,919. The company's 50 day simple moving average is $7.94 and its 200-day simple moving average is $8.45. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $10.27. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 49.75, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $201.83 million. During the same period last year, the firm posted $0.09 EPS. The company's revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current fiscal 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.