Segall Bryant & Hamill LLC Buys New Stake in Sprinklr, Inc. $CXM

Segall Bryant & Hamill LLC bought a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 112,620 shares of the company’s stock, valued at approximately $869,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lavaca Capital LLC boosted its holdings 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 purchasing an additional 3,545 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sprinklr by 20.6% during the second quarter. PNC Financial Services Group Inc. now owns 7,871 shares of the company’s stock worth $67,000 after acquiring an additional 1,347 shares during the period. Lazard Asset Management LLC boosted its stake 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 buying an additional 8,135 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Sprinklr in the second quarter valued at about $89,000. Finally, Corient Private Wealth LLC purchased a new position in Sprinklr in the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Trading Up 0.3%

CXM opened at $5.98 on Friday. Sprinklr, Inc. has a twelve month low of $5.12 and a twelve month high of $9.69. The company has a fifty day simple moving average of $6.43 and a 200 day simple moving average of $7.29. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 14.24 and a beta of 0.78.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, December 3rd. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Sprinklr had a net margin of 13.42% and a return on equity of 8.03%. The company had revenue of $219.07 million for the quarter, compared to analysts’ expectations of $209.56 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Sprinklr

In related news, General Counsel Jacob Scott sold 21,665 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $7.12, for a total transaction of $154,254.80. Following the completion of the transaction, the general counsel 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 filing with the SEC, which is available through the SEC website. Also, CEO Rory P. Read sold 138,505 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $7.13, for a total transaction of $987,540.65. Following the completion of the sale, the chief executive officer owned 1,672,108 shares in the company, valued at $11,922,130.04. The trade was a 7.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 613,650 shares of company stock worth $4,384,853 in the last quarter. Company insiders own 60.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of recent research reports. Citigroup restated a “market outperform” rating on shares of Sprinklr in a report on Friday, January 16th. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, December 4th. Weiss Ratings lowered Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $8.00 price target on shares of Sprinklr in a report on Wednesday, December 3rd. Finally, Wall Street Zen downgraded shares of Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.89.

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.