Federated Hermes Inc. Has $12 Million Position in Sprinklr, Inc. (NYSE:CXM)

Federated Hermes Inc. boosted its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 996,992 shares of the company's stock after buying an additional 221,618 shares during the period. Federated Hermes Inc. owned approximately 0.36% of Sprinklr worth $12,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company's stock valued at $161,618,000 after purchasing an additional 1,399,510 shares during the last quarter. Cadian Capital Management LP raised its holdings in Sprinklr by 14.7% in the 3rd quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company's stock worth $155,072,000 after purchasing an additional 1,434,907 shares during the period. Bank of New York Mellon Corp raised its holdings in Sprinklr by 228.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company's stock worth $14,104,000 after purchasing an additional 708,655 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Sprinklr by 36.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company's stock worth $12,153,000 after purchasing an additional 235,111 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in Sprinklr in the 3rd quarter worth $8,124,000. Institutional investors own 40.19% of the company's stock.

Sprinklr Price Performance

NYSE:CXM traded up $0.15 during mid-day trading on Wednesday, hitting $11.98. The company's stock had a trading volume of 1,329,370 shares, compared to its average volume of 2,697,898. The business's fifty day moving average is $12.61 and its two-hundred day moving average is $13.02. Sprinklr, Inc. has a 1 year low of $10.93 and a 1 year high of $17.14. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 65.70, a PEG ratio of 2.20 and a beta of 0.87.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The firm had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Analysts anticipate that Sprinklr, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CXM. KeyCorp began coverage on Sprinklr in a report on Thursday, March 21st. They set an "overweight" rating and a $19.00 price target on the stock. DA Davidson reissued a "buy" rating and set a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. Rosenblatt Securities raised their price target on Sprinklr from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Wells Fargo & Company raised their price target on Sprinklr from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, March 28th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $16.00 target price on shares of Sprinklr in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Sprinklr presently has an average rating of "Moderate Buy" and a consensus price target of $16.90.

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now owns 491,862 shares in the company, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the transaction, the chief executive officer now owns 438,214 shares in the company, valued at $5,709,928.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Arun Pattabhiraman sold 52,401 shares of the business's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the completion of the transaction, the chief marketing officer now owns 491,862 shares of the company's stock, valued at approximately $5,735,110.92. The disclosure for this sale can be found here. Insiders sold a total of 495,513 shares of company stock worth $6,087,581 in the last 90 days. Insiders own 40.29% of the company's stock.

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.