GAMMA Investing LLC Acquires 2,489 Shares of Sprinklr, Inc. (NYSE:CXM)

GAMMA Investing LLC raised its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 209.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,677 shares of the company’s stock after purchasing an additional 2,489 shares during the period. GAMMA Investing LLC’s holdings in Sprinklr were worth $31,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Sprinklr by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock valued at $8,917,000 after purchasing an additional 18,021 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Sprinklr by 41.5% during the 4th quarter. Victory Capital Management Inc. now owns 87,070 shares of the company’s stock valued at $736,000 after purchasing an additional 25,552 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in Sprinklr during the 4th quarter valued at $452,000. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Sprinklr in the 4th quarter worth $152,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

CXM opened at $8.55 on Friday. The company’s 50 day simple moving average is $8.38 and its two-hundred day simple moving average is $8.39. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $9.93.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. On average, equities analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Manish Sarin sold 174,749 shares of the firm’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the completion of the sale, the chief financial officer directly owned 732,421 shares of the company’s stock, valued at approximately $6,643,058.47. This trade represents a 19.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Arun Pattabhiraman sold 16,222 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.17, for a total transaction of $132,533.74. Following the sale, the chief marketing officer directly owned 551,206 shares of the company’s stock, valued at approximately $4,503,353.02. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,512,762 shares of company stock valued at $85,940,959 in the last quarter. Insiders own 60.53% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the topic of a number of recent research reports. DA Davidson raised their target price on Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 target price on the stock. Wells Fargo & Company raised their target price on Sprinklr from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 5th. Finally, Morgan Stanley raised their target price on Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus target price of $10.25.

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.