Westover Capital Advisors LLC Takes Position in Sprinklr, Inc. (NYSE:CXM)

Westover Capital Advisors LLC purchased a new stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 75,643 shares of the company's stock, valued at approximately $911,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CXM. Bank of New York Mellon Corp increased its position in Sprinklr by 228.3% in the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company's stock worth $14,104,000 after buying an additional 708,655 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sprinklr by 36.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company's stock worth $12,153,000 after buying an additional 235,111 shares during the last quarter. Horrell Capital Management Inc. increased its position in Sprinklr by 63.1% in the fourth quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company's stock worth $4,045,000 after buying an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Sprinklr in the third quarter worth $87,000. Finally, Lisanti Capital Growth LLC purchased a new stake in Sprinklr in the third quarter worth $2,672,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Down 0.3 %

NYSE:CXM traded down $0.03 during trading hours on Thursday, hitting $11.91. 1,442,001 shares of the company's stock traded hands, compared to its average volume of 2,606,359. The firm has a market cap of $3.25 billion, a P/E ratio of 66.17, a P/E/G ratio of 2.25 and a beta of 0.87. Sprinklr, Inc. has a 52 week low of $10.93 and a 52 week high of $17.14. The business's fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $12.93.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $194.21 million during the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. On average, analysts expect that Sprinklr, Inc. will post 0.17 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total transaction of $3,864,800.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of Sprinklr stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,324.06. Following the completion of the sale, the general counsel now owns 197,994 shares of the company's stock, valued at $2,579,861.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 495,273 shares of company stock valued at $6,083,127. Company insiders own 40.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CXM shares. KeyCorp started coverage on Sprinklr in a research report on Thursday, March 21st. They issued an "overweight" rating and a $19.00 target price for the company. Oppenheimer reiterated a "market perform" rating on shares of Sprinklr in a research report on Thursday, March 28th. Rosenblatt Securities lifted their price target on Sprinklr from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price target on Sprinklr from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, March 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $16.00 price target on shares of Sprinklr in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.90.

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.