Sprinklr, Inc. (NYSE:CXM) is Stanley Laman Group Ltd.’s 10th Largest Position

Stanley Laman Group Ltd. trimmed its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 925,990 shares of the company’s stock after selling 102,357 shares during the quarter. Sprinklr makes up 1.3% of Stanley Laman Group Ltd.’s portfolio, making the stock its 10th biggest position. Stanley Laman Group Ltd. owned 0.35% of Sprinklr worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the period. Cadian Capital Management LP boosted its holdings in shares of Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after purchasing an additional 3,355,566 shares during the period. Kettle Hill Capital Management LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth approximately $12,889,000. Allspring Global Investments Holdings LLC raised its position in Sprinklr by 19,023.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock valued at $8,722,000 after acquiring an additional 707,115 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Sprinklr by 212.6% in the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock valued at $8,467,000 after acquiring an additional 469,305 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CXM. Morgan Stanley lowered their target price on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Rosenblatt Securities cut their target price on Sprinklr from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Stifel Nicolaus cut their price objective on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. DA Davidson downgraded Sprinklr from a “buy” rating to a “neutral” rating and cut their price objective for the company from $16.00 to $9.00 in a research report on Thursday, June 6th. Finally, William Blair reiterated an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.80.

Sprinklr Stock Performance

Shares of Sprinklr stock remained flat at $8.95 during trading hours on Friday. 2,286,923 shares of the stock were exchanged, compared to its average volume of 2,314,955. The firm has a market cap of $2.37 billion, a PE ratio of 42.60, a P/E/G ratio of 1.63 and a beta of 0.79. Sprinklr, Inc. has a one year low of $8.33 and a one year high of $17.14. The business’s fifty day moving average is $9.25 and its 200 day moving average is $11.27.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. The business had revenue of $195.96 million for the quarter, compared to analyst estimates of $194.54 million. Equities analysts predict that Sprinklr, Inc. will post 0.19 earnings per share for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the sale, the insider now owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 15,962 shares of company stock valued at $148,000 over the last quarter. 30.12% of the stock is owned by corporate insiders.

About Sprinklr

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.