Quest Partners LLC Has $344,000 Holdings in Sprinklr, Inc. (NYSE:CXM)

Quest Partners LLC lifted its holdings in Sprinklr, Inc. (NYSE:CXM) by 103.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,441 shares of the company’s stock after acquiring an additional 22,601 shares during the quarter. Quest Partners LLC’s holdings in Sprinklr were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also 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 worth $35,000 after purchasing an additional 1,904 shares during the last quarter. CIBC Asset Management Inc raised its position in 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 last quarter. Everence Capital Management Inc. bought a new position in Sprinklr in the 3rd quarter worth approximately $105,000. Simplicity Wealth LLC bought a new position in Sprinklr in the 2nd quarter worth approximately $148,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Sprinklr during the 3rd quarter valued at $129,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Diane Adams sold 4,282 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the transaction, the insider now owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $8.30 on Tuesday. The firm has a market cap of $2.10 billion, a PE ratio of 46.11, a PEG ratio of 2.48 and a beta of 0.76. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $17.14. The company has a fifty day moving average price of $7.54 and a 200 day moving average price of $8.88.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million during 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%. Equities research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. DA Davidson dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Scotiabank assumed coverage on shares of Sprinklr in a research report on Tuesday, November 19th. They set a “sector perform” rating and a $7.70 target price for the company. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Finally, Morgan Stanley dropped 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 report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Sprinklr currently has a consensus 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.