XTX Topco Ltd Invests $411,000 in Sprinklr, Inc. (NYSE:CXM)

Key Points

• XTX Topco Ltd acquired 49,252 shares of Sprinklr, Inc. (NYSE:CXM) for approximately $411,000 in the first quarter, signaling increasing interest from institutional investors.
• Insider Scott Michael Harvey sold 21,422 shares of Sprinklr stock, reflecting a 3.05% decrease in his ownership, while other insiders also sold a total of over 10.5 million shares in the last quarter.
• Sprinklr's shares have recently declined by 3.9%, trading at approximately $8.13, with various analysts issuing mixed ratings and price targets for the stock.

XTX Topco Ltd acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,252 shares of the company's stock, valued at approximately $411,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Sprinklr by 209.5% in the first 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 last quarter. NewEdge Advisors LLC boosted its holdings in 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 buying an additional 2,700 shares during the last quarter. Ancora Advisors LLC bought a new position in Sprinklr during the fourth quarter worth about $34,000. Price T Rowe Associates Inc. MD boosted its holdings in Sprinklr by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock worth $482,000 after buying an additional 4,194 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Sprinklr by 5.3% during the first quarter. Victory Capital Management Inc. now owns 91,714 shares of the company's stock worth $766,000 after buying an additional 4,644 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXM has been the topic of several recent analyst reports. DA Davidson lifted their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. Wells Fargo & Company lifted their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Finally, Wall Street Zen cut Sprinklr from a "buy" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Sprinklr has an average rating of "Hold" and a consensus price target of $10.25.

Sprinklr Trading Up 2.8%

NYSE CXM traded up $0.23 on Wednesday, hitting $8.21. The company's stock had a trading volume of 527,347 shares, compared to its average volume of 1,942,145. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $9.69. The company's 50-day simple moving average is $8.65 and its 200 day simple moving average is $8.43. The firm has a market cap of $2.12 billion, a P/E ratio of 20.06, a PEG ratio of 1.74 and a beta of 0.81.

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

Insider Transactions at Sprinklr

In other news, insider Scott Michael Harvey sold 21,422 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $9.00, for a total transaction of $192,798.00. Following the completion of the sale, the insider owned 681,910 shares in the company, valued at approximately $6,137,190. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Manish Sarin sold 174,749 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total value of $1,584,973.43. Following the sale, the chief financial officer directly owned 732,421 shares in the company, valued at $6,643,058.47. This represents a 19.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,512,691 shares of company stock valued at $85,942,764. 60.53% of the stock is owned by insiders.

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.