Verition Fund Management LLC boosted its position in Sprinklr, Inc. (NYSE:CXM – Free Report) by 742.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 234,327 shares of the company’s stock after buying an additional 206,526 shares during the period. Verition Fund Management LLC’s holdings in Sprinklr were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after acquiring an additional 1,117 shares during the period. CIBC Asset Management Inc lifted its stake 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 valued at $120,000 after purchasing an additional 1,694 shares during the period. Louisiana State Employees Retirement System increased its holdings in Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after acquiring an additional 1,700 shares in the last quarter. CWM LLC raised its position in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Sprinklr by 12.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after buying an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.
Insider Activity
In related news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Diane Adams sold 12,915 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on Sprinklr
Sprinklr Price Performance
Sprinklr stock opened at $8.67 on Friday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $17.14. The stock’s 50-day moving average is $7.62 and its 200-day moving average is $8.71.
Sprinklr (NYSE:CXM – Get Free Report) 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. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The firm had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Research analysts anticipate that Sprinklr, Inc. will post 0.11 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than Sprinklr
- Investing In Automotive Stocks
- NVIDIA’s Blackwell Chips Set for Arizona Manufacturing by TSMC?
- What Are Earnings Reports?
- Okta: Bullish Signals Suggest a Market Reversal Is Underway
- The Basics of Support and Resistance
- BlackRock Makes Waves With $12B Private Credit Acquisition
Want to see what other hedge funds are holding CXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprinklr, Inc. (NYSE:CXM – Free Report).
Receive News & Ratings for Sprinklr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprinklr and related companies with MarketBeat.com's FREE daily email newsletter.