Federated Hermes Inc. Sells 164,001 Shares of Sprinklr, Inc. $CXM

Federated Hermes Inc. reduced its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510,162 shares of the company’s stock after selling 164,001 shares during the quarter. Federated Hermes Inc. owned about 0.58% of Sprinklr worth $12,776,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 69.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company’s stock valued at $54,000 after acquiring an additional 2,668 shares during the period. Quarry LP grew its position in shares of Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company’s stock valued at $64,000 after purchasing an additional 7,557 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Sprinklr during the 2nd quarter valued at $94,000. CWM LLC lifted its holdings in Sprinklr by 266.6% during the 2nd quarter. CWM LLC now owns 11,118 shares of the company’s stock worth $94,000 after purchasing an additional 8,085 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new position in Sprinklr in the 1st quarter worth about $105,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CXM shares. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, December 4th. Wall Street Zen lowered shares of Sprinklr from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sprinklr in a report on Wednesday, October 8th. Citigroup boosted their price target on shares of Sprinklr from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday. Finally, DA Davidson reiterated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.89.

Insider Buying and Selling

In other Sprinklr news, Director Neeraj Agrawal sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $7.61, for a total value of $1,141,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Arun Pattabhiraman sold 16,795 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total transaction of $130,161.25. Following the transaction, the chief marketing officer owned 534,411 shares in the company, valued at $4,141,685.25. The trade was a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 890,098 shares of company stock worth $6,792,587 over the last ninety days. Corporate insiders own 60.53% of the company’s stock.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $8.02 on Thursday. The firm has a market capitalization of $1.96 billion, a PE ratio of 19.08 and a beta of 0.78. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $9.69. The firm has a fifty day moving average of $7.53 and a 200 day moving average of $8.10.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Sprinklr had a return on equity of 8.03% and a net margin of 13.42%.The business had revenue of $219.07 million for the quarter, compared to the consensus estimate of $209.56 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Sprinklr has set its FY 2026 guidance at 0.430-0.440 EPS and its Q4 2026 guidance at 0.090-0.100 EPS. On average, sell-side analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

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.