Formidable Asset Management LLC Decreases Stock Position in Sprinklr, Inc. (NYSE:CXM)

Formidable Asset Management LLC lowered its position in Sprinklr, Inc. (NYSE:CXMFree Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,935 shares of the company’s stock after selling 2,000 shares during the quarter. Formidable Asset Management LLC’s holdings in Sprinklr were worth $192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CXM. RiverPark Advisors LLC purchased a new stake in shares of Sprinklr during the 3rd quarter worth $27,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sprinklr during the 3rd quarter worth about $87,000. Victory Capital Management Inc. acquired a new position in shares of Sprinklr during the 3rd quarter worth about $146,000. Handelsbanken Fonder AB acquired a new stake in shares of Sprinklr during the 4th quarter worth about $181,000. Finally, Seven Eight Capital LP purchased a new stake in Sprinklr during the third quarter worth approximately $205,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares in the company, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Jacob Scott sold 16,602 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $216,324.06. Following the completion of the sale, the general counsel now directly owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The disclosure for this sale can be found here. Insiders sold 495,273 shares of company stock valued at $6,083,127 over the last ninety days. Corporate insiders own 30.12% of the company’s stock.

Sprinklr Trading Up 0.7 %

Shares of Sprinklr stock traded up $0.08 during trading hours on Monday, hitting $12.25. 479,760 shares of the company were exchanged, compared to its average volume of 2,522,933. The business has a 50-day moving average of $12.44 and a 200-day moving average of $12.87. Sprinklr, Inc. has a 1 year low of $10.93 and a 1 year high of $17.14. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 67.61, a P/E/G ratio of 2.34 and a beta of 0.87.

Sprinklr (NYSE:CXMGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The company had revenue of $194.21 million for the quarter, compared to analysts’ expectations of $188.50 million. As a group, research analysts anticipate that Sprinklr, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of research analyst reports. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Sprinklr in a research note on Monday, April 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Thursday, March 28th. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. Finally, Rosenblatt Securities upped their target price on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.90.

View Our Latest Analysis on CXM

About Sprinklr

(Free Report)

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.

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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