Holocene Advisors LP Takes $597,000 Position in Sprinklr, Inc. (NYSE:CXM)

Holocene Advisors LP purchased a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the third quarter, Holdings Channel.com reports. The fund purchased 77,174 shares of the company’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearline Capital LP acquired a new position in shares of Sprinklr in the third quarter worth about $353,000. Paloma Partners Management Co raised its holdings in Sprinklr by 73.3% in the 3rd quarter. Paloma Partners Management Co now owns 55,162 shares of the company’s stock worth $426,000 after purchasing an additional 23,333 shares during the period. Verition Fund Management LLC boosted its position in Sprinklr by 742.9% during the third quarter. Verition Fund Management LLC now owns 234,327 shares of the company’s stock worth $1,811,000 after purchasing an additional 206,526 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Sprinklr by 20.2% in the third quarter. MetLife Investment Management LLC now owns 72,948 shares of the company’s stock valued at $564,000 after purchasing an additional 12,237 shares during the period. Finally, FMR LLC increased its position in shares of Sprinklr by 152.8% in the third quarter. FMR LLC now owns 91,029 shares of the company’s stock valued at $704,000 after buying an additional 55,022 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $8.79 on Friday. The stock’s 50 day simple moving average is $7.67 and its 200-day simple moving average is $8.68. The stock has a market cap of $2.23 billion, a P/E ratio of 54.94, a P/E/G ratio of 2.58 and a beta of 0.81. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $14.31.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 7.54% and a net margin of 5.59%. The company had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. As a group, research analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CXM. KeyCorp decreased their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research report on Thursday. Finally, DA Davidson lifted their price objective on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of “Hold” and a consensus price target of $10.05.

Insider Transactions at Sprinklr

In other news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. This represents a 5.72 % 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 quarter. Company 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.