Citigroup Inc. Sells 129,546 Shares of Sprinklr, Inc. $CXM

Citigroup Inc. lessened its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 22.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,583 shares of the company’s stock after selling 129,546 shares during the quarter. Citigroup Inc. owned 0.18% of Sprinklr worth $3,486,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CXM. Lavaca Capital LLC grew its position in Sprinklr by 541.2% in the second quarter. Lavaca Capital LLC now owns 4,200 shares of the company’s stock valued at $36,000 after acquiring an additional 3,545 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Sprinklr by 20.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,871 shares of the company’s stock valued at $67,000 after purchasing an additional 1,347 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Sprinklr by 2,480.2% in the 2nd quarter. Lazard Asset Management LLC now owns 8,463 shares of the company’s stock worth $71,000 after purchasing an additional 8,135 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Sprinklr in the 2nd quarter worth about $89,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Sprinklr during the 2nd quarter worth about $99,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Price Performance

CXM stock opened at $5.97 on Friday. The company has a 50 day moving average price of $6.47 and a 200 day moving average price of $7.31. Sprinklr, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.69. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.21 and a beta of 0.78.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $219.07 million for the quarter, compared to analyst estimates of $209.56 million. Sprinklr had a return on equity of 8.03% and a net margin of 13.42%.The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, equities analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CXM shares. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price target on shares of Sprinklr in a research report on Thursday, December 4th. Wall Street Zen lowered Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $8.00 price target on shares of Sprinklr in a report on Wednesday, December 3rd. 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. Finally, Weiss Ratings cut Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sprinklr has an average rating of “Hold” and a consensus target price of $9.89.

Insider Activity

In related news, CEO Rory P. Read sold 87,795 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $6.00, for a total transaction of $526,770.00. Following the completion of the sale, the chief executive officer directly owned 1,506,270 shares of the company’s stock, valued at $9,037,620. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ragy Thomas sold 24,952 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $7.78, for a total transaction of $194,126.56. Following the completion of the transaction, the director owned 712,349 shares in the company, valued at $5,542,075.22. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 613,650 shares of company stock worth $4,384,853. Corporate insiders own 60.53% of the company’s stock.

About Sprinklr

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.