Clearline Capital LP Makes New Investment in Sprinklr, Inc. (NYSE:CXM)

Clearline Capital LP purchased a new stake in Sprinklr, Inc. (NYSE:CXM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,691 shares of the company’s stock, valued at approximately $353,000.

A number of other institutional investors also recently modified their holdings of CXM. CWM LLC raised its position in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc lifted its position in shares of Sprinklr by 15.6% in the second 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 in the last quarter. GSA Capital Partners LLP acquired a new position in Sprinklr during the third quarter worth $129,000. Finally, GW Henssler & Associates Ltd. bought a new position in Sprinklr in the third quarter valued at $142,000. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Price Performance

CXM opened at $8.24 on Monday. The business has a fifty day simple moving average of $7.57 and a 200 day simple moving average of $8.79. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14. The company has a market capitalization of $2.09 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.46 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The company had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Equities analysts anticipate that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Transactions at Sprinklr

In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 in the company, valued at $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CXM has been the topic of several analyst reports. KeyCorp cut their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Cantor Fitzgerald lowered their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. DA Davidson lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley cut their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sprinklr presently has an average rating of “Hold” and an average price target of $9.61.

Sprinklr 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.