Federated Hermes Inc. Grows Position in Sprinklr, Inc. (NYSE:CXM)

Federated Hermes Inc. raised its position in shares of Sprinklr, Inc. (NYSE:CXM) by 28.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 996,992 shares of the company’s stock after purchasing an additional 221,618 shares during the quarter. Federated Hermes Inc.’s holdings in Sprinklr were worth $12,004,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. RiverPark Advisors LLC purchased a new position in Sprinklr during the 3rd quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new position in shares of Sprinklr in the 3rd quarter worth approximately $30,000. Castleview Partners LLC purchased a new position in shares of Sprinklr in the 3rd quarter worth approximately $38,000. DekaBank Deutsche Girozentrale bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $87,000. Finally, Victory Capital Management Inc. bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $146,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insiders Place Their Bets

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Diane Adams sold 16,600 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,298.00. Following the completion of the sale, the insider now owns 251,340 shares of the company’s stock, valued at $3,274,960.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 495,513 shares of company stock worth $6,087,581. 40.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TheStreet downgraded Sprinklr from a “c-” rating to a “d+” rating in a research report on Thursday, December 28th. Wells Fargo & Company boosted their target price on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Rosenblatt Securities boosted their target price on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating 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, William Blair reissued an “outperform” rating on shares of Sprinklr in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.90.

Sprinklr Stock Up 3.2 %

CXM opened at $11.83 on Wednesday. The business has a fifty day moving average of $12.61 and a 200 day moving average of $13.02. Sprinklr, Inc. has a 52-week low of $10.93 and a 52-week high of $17.14. The stock has a market cap of $3.23 billion, a P/E ratio of 65.70, a PEG ratio of 2.18 and a beta of 0.87.

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

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.