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

Stanley Laman Group Ltd. increased its position in Sprinklr, Inc. (NYSE:CXM - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 689,610 shares of the company's stock after purchasing an additional 77,463 shares during the period. Sprinklr makes up 0.9% of Stanley Laman Group Ltd.'s investment portfolio, making the stock its 21st largest holding. Stanley Laman Group Ltd. owned about 0.27% of Sprinklr worth $5,758,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after buying an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Sprinklr by 100.0% in 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 last quarter. Ancora Advisors LLC bought a new position in Sprinklr in the 4th quarter valued at $34,000. SG Americas Securities LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at $89,000. Finally, Cibc World Markets Corp bought a new stake in shares of Sprinklr during the 4th quarter worth $92,000. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Trading Up 3.0%

NYSE:CXM traded up $0.24 during trading hours on Monday, reaching $8.19. 2,737,873 shares of the company traded hands, compared to its average volume of 1,988,203. The business's 50-day moving average price is $7.96 and its two-hundred day moving average price is $8.45. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The stock has a market capitalization of $2.12 billion, a P/E ratio of 51.16, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results 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. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Sprinklr's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Roger H. Lee sold 285,439 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.68, for a total value of $2,477,610.52. Following the transaction, the insider now owns 229,360 shares in the company, valued at $1,990,844.80. This represents a 55.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Neeraj Agrawal sold 378,940 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $8.76, for a total transaction of $3,319,514.40. Following the sale, the director now directly owns 321,304 shares of the company's stock, valued at approximately $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. Insiders sold a total of 952,824 shares of company stock worth $8,293,482 in the last three months. Insiders own 60.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CXM shares. Rosenblatt Securities reissued a "buy" rating and set a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Scotiabank increased their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Cantor Fitzgerald started coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Finally, Wells Fargo & Company upped their target price on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.