Aigen Investment Management LP Decreases Stock Holdings in Sprinklr, Inc. (NYSE:CXM)

Aigen Investment Management LP trimmed its position in shares of Sprinklr, Inc. (NYSE:CXM) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,512 shares of the company’s stock after selling 2,922 shares during the period. Aigen Investment Management LP’s holdings in Sprinklr were worth $777,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. CWM LLC lifted its stake in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Sprinklr during the 3rd quarter valued at about $105,000. CIBC Asset Management Inc increased its position in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after buying an additional 1,694 shares during the period. GSA Capital Partners LLP bought a new position in Sprinklr in the third quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Sprinklr during the 3rd quarter valued at approximately $142,000. 40.19% of the stock is owned by institutional investors.

Sprinklr Trading Down 1.0 %

NYSE CXM opened at $8.21 on Wednesday. The company’s 50 day moving average is $7.52 and its two-hundred day moving average is $9.18. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.47 and a beta of 0.76. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $17.14.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The firm had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sell-side analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Arun Pattabhiraman sold 10,291 shares of Sprinklr stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the completion of the sale, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock worth $2,545,967 in the last 90 days. 30.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CXM. Citigroup dropped their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. DA Davidson decreased their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.80.

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.