Sprinklr, Inc. (NYSE:CXM) Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 31.2% during the 4th quarter, HoldingsChannel reports. The fund owned 14,635 shares of the company’s stock after selling 6,645 shares during the period. SG Americas Securities LLC’s holdings in Sprinklr were worth $176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Sprinklr by 228.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock valued at $14,104,000 after acquiring an additional 708,655 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Sprinklr by 36.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock valued at $12,153,000 after purchasing an additional 235,111 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in shares of Sprinklr by 63.1% in the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after purchasing an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprinklr in the 3rd quarter valued at $87,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Sprinklr in the 3rd quarter valued at $2,672,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares in the company, valued at $5,709,928.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Manish Sarin sold 49,234 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $641,519.02. Following the transaction, the chief financial officer now owns 595,712 shares in the company, valued at $7,762,127.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 443,112 shares of company stock valued at $5,476,586. 40.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Sprinklr in a research note on Thursday, March 28th. TheStreet lowered shares of Sprinklr from a “c-” rating to a “d+” rating in a research note on Thursday, December 28th. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Sprinklr in a research report on Monday, April 1st. Finally, KeyCorp initiated coverage on shares of Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

Sprinklr Trading Down 3.1 %

Shares of Sprinklr stock opened at $11.55 on Monday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 64.17, a P/E/G ratio of 2.22 and a beta of 0.87. Sprinklr, Inc. has a 1-year low of $10.93 and a 1-year high of $17.14. The firm’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $13.14.

Sprinklr Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.