Aigen Investment Management LP Sells 2,922 Shares of Sprinklr, Inc. (NYSE:CXM)

Aigen Investment Management LP reduced its stake in Sprinklr, Inc. (NYSE:CXM) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CXM. CWM LLC lifted its holdings in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the period. Everence Capital Management Inc. purchased a new position in Sprinklr during the 3rd quarter valued at about $105,000. CIBC Asset Management Inc lifted its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Sprinklr in the 3rd quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Sprinklr during the 3rd quarter valued at $142,000. Institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the subject of a number of analyst reports. KeyCorp decreased their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $6.00 in a research note on Tuesday. Cantor Fitzgerald decreased their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.80.

Sprinklr Price Performance

CXM stock opened at $8.21 on Wednesday. The firm’s fifty day simple moving average is $7.52 and its 200-day simple moving average is $9.18. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $17.14. The company has a market capitalization of $2.08 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 2.47 and a beta of 0.76.

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

Insiders Place Their Bets

In related news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the completion of the transaction, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,480 shares of company stock worth $2,545,967. Corporate insiders own 30.12% of the company’s stock.

Sprinklr Company 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.