Sprinklr, Inc. $CXM Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. trimmed its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,048,025 shares of the company’s stock after selling 113,650 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.45% of Sprinklr worth $5,188,000 at the end of the most recent quarter.

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

Sprinklr Stock Performance

NYSE:CXM opened at $6.66 on Friday. Sprinklr, Inc. has a 52 week low of $4.72 and a 52 week high of $8.27. The firm’s fifty day moving average is $5.91 and its 200-day moving average is $5.85. The firm has a market cap of $1.55 billion, a P/E ratio of 66.56 and a beta of 0.67.

Sprinklr (NYSE:CXM) last announced its 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 business had revenue of $213.74 million during 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%. Sprinklr’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. 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, sell-side analysts anticipate that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 16,407 shares of Sprinklr stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $6.97, for a total value of $114,356.79. Following the completion of the sale, the general counsel directly owned 534,326 shares in the company, valued at approximately $3,724,252.22. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joy Corso sold 34,153 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $189,549.15. Following the completion of the transaction, the insider directly owned 1,141,463 shares in the company, valued at approximately $6,335,119.65. This trade represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 508,207 shares of company stock worth $2,773,654 over the last quarter. 25.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research note on Monday, September 14th. UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Weiss Ratings raised Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, DA Davidson lifted their price objective on Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.21.

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.