Horrell Capital Management Inc. Buys 165,000 Shares of Sprinklr, Inc. (NYSE:CXM)

Horrell Capital Management Inc. increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 31.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 685,000 shares of the company’s stock after acquiring an additional 165,000 shares during the quarter. Sprinklr makes up approximately 1.6% of Horrell Capital Management Inc.’s holdings, making the stock its 20th largest holding. Horrell Capital Management Inc.’s holdings in Sprinklr were worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXM. Vanguard Group Inc. raised its stake 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 valued at $187,105,000 after acquiring an additional 3,575,001 shares during the period. Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. Solel Partners LP grew its holdings in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its position in Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Sprinklr by 212.6% during the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after purchasing an additional 469,305 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

CXM has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Morgan Stanley dropped their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Rosenblatt Securities lowered their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Finally, Citigroup lowered their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and a consensus price target of $10.00.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the transaction, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 335,975 shares of company stock worth $2,527,184 in the last ninety days. 30.12% of the stock is owned by company insiders.

Sprinklr Stock Performance

Shares of NYSE CXM traded up $0.19 during midday trading on Tuesday, hitting $7.56. 323,904 shares of the stock traded hands, compared to its average volume of 2,175,088. The company has a market cap of $2.01 billion, a PE ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 0.76. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $17.14. The business has a 50 day moving average price of $7.79 and a two-hundred day moving average price of $9.46.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. As a group, equities research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

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.