Quantbot Technologies LP Sells 94,962 Shares of Sprinklr, Inc. $CXM

Quantbot Technologies LP reduced its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 65.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,864 shares of the company’s stock after selling 94,962 shares during the quarter. Quantbot Technologies LP’s holdings in Sprinklr were worth $393,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lavaca Capital LLC lifted its holdings in Sprinklr by 541.2% during the 2nd quarter. Lavaca Capital LLC now owns 4,200 shares of the company’s stock valued at $36,000 after purchasing an additional 3,545 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 20.6% in the second 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 during the last quarter. Lazard Asset Management LLC raised its position in shares of Sprinklr by 2,480.2% in the second quarter. Lazard Asset Management LLC now owns 8,463 shares of the company’s stock valued at $71,000 after purchasing an additional 8,135 shares during the period. Tidal Investments LLC bought a new position in shares of Sprinklr in the second quarter valued at about $89,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Sprinklr during the 2nd quarter worth about $99,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a report on Friday, January 16th. Rosenblatt Securities reissued a “buy” rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, December 4th. Wall Street Zen downgraded shares of Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings cut Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Sprinklr in a research report on Wednesday, December 3rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.89.

Insiders Place Their Bets

In related news, General Counsel Jacob Scott sold 21,665 shares of Sprinklr stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $7.12, for a total value of $154,254.80. Following the transaction, the general counsel directly owned 404,723 shares of the company’s stock, valued at $2,881,627.76. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Amitabh Misra sold 9,099 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $7.78, for a total value of $70,790.22. Following the transaction, the chief technology officer directly owned 584,627 shares of the company’s stock, valued at $4,548,398.06. This trade represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 456,261 shares of company stock valued at $3,150,245 over the last 90 days. 60.53% of the stock is owned by company insiders.

Sprinklr Stock Performance

NYSE:CXM opened at $5.88 on Tuesday. The stock has a fifty day moving average price of $6.39 and a 200-day moving average price of $7.26. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 14.00 and a beta of 0.78. Sprinklr, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $9.69.

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.