Letko Brosseau & Associates Inc. Sells 113,650 Shares of Sprinklr, Inc. $CXM

Letko Brosseau & Associates Inc. lessened its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 9.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,048,025 shares of the company’s stock after selling 113,650 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Sprinklr were worth $5,188,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after buying an additional 438,083 shares in the last quarter. Bank of America Corp DE boosted its holdings in Sprinklr by 3.9% in the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock worth $10,085,000 after acquiring an additional 62,604 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Sprinklr by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock worth $7,980,000 after acquiring an additional 108,340 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Sprinklr by 7.9% in the first quarter. Principal Financial Group Inc. now owns 978,240 shares of the company’s stock worth $5,869,000 after acquiring an additional 71,646 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Sprinklr by 37.5% in the first quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock valued at $5,220,000 after acquiring an additional 237,216 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sprinklr news, insider Joy Corso sold 34,153 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $189,549.15. Following the sale, the insider directly owned 1,141,463 shares in the company, valued at $6,335,119.65. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen M. Ward, Jr. purchased 150,000 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were purchased at an average cost of $5.67 per share, for a total transaction of $850,500.00. Following the transaction, the director directly owned 237,088 shares in the company, valued at approximately $1,344,288.96. The trade was a 172.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 508,207 shares of company stock valued at $2,773,654. Company insiders own 25.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CXM shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. UBS Group set a $7.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a research note on Monday, October 19th. Rosenblatt Securities reissued a “buy” rating and set a $8.50 target price on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sprinklr currently has a consensus rating of “Hold” and an average target price of $8.21.

Sprinklr Price Performance

Shares of CXM stock opened at $6.66 on Friday. The company has a market cap of $1.55 billion, a P/E ratio of 66.56 and a beta of 0.67. Sprinklr, Inc. has a one year low of $4.72 and a one year high of $8.27. The firm has a 50-day moving average of $5.91 and a 200-day moving average of $5.85.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million for the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, research analysts expect that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

About Sprinklr

Sprinklr, Inc. develops customer experience management software for businesses. Its cloud-based platform brings together tools for managing customer interactions across digital channels, including social media, messaging, and other online touchpoints. The company’s products support activities such as social media management, digital marketing, customer service, and customer and market insights. Sprinklr also incorporates artificial intelligence into its platform to help organizations analyze conversations and manage customer engagement.