Ellsworth Advisors LLC Buys New Stake in Sprinklr, Inc. (NYSE:CXM)

Ellsworth Advisors LLC acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,971 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds have also modified their holdings of the company. Formidable Asset Management LLC raised its holdings in Sprinklr by 5.3% in the third quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock valued at $248,000 after buying an additional 900 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Sprinklr by 4.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,564 shares of the company’s stock valued at $326,000 after acquiring an additional 946 shares in the last quarter. UBS Group AG boosted its position in Sprinklr by 23.4% during the 1st quarter. UBS Group AG now owns 5,862 shares of the company’s stock worth $69,000 after purchasing an additional 1,111 shares during the period. Citigroup Inc. boosted its position in Sprinklr by 12.0% during the 4th quarter. Citigroup Inc. now owns 11,091 shares of the company’s stock worth $91,000 after purchasing an additional 1,185 shares during the period. Finally, FMR LLC increased its holdings in Sprinklr by 126.1% in the 1st quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after purchasing an additional 1,484 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sprinklr

In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total value of $124,983.76. Following the transaction, the insider now owns 80,952 shares of the company’s stock, valued at $970,614.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Manish Sarin sold 60,651 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $12.01, for a total value of $728,418.51. Following the completion of the sale, the chief financial officer now directly owns 644,946 shares of the company’s stock, valued at $7,745,801.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the sale, the insider now owns 80,952 shares in the company, valued at approximately $970,614.48. The disclosure for this sale can be found here. Insiders have sold a total of 195,682 shares of company stock worth $2,476,123 in the last 90 days. 40.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CXM. Morgan Stanley reduced their target price on Sprinklr from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, December 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $16.00 target price on shares of Sprinklr in a research note on Thursday. KeyCorp initiated coverage on shares of Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a report on Thursday. Finally, JMP Securities reduced their target price on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, December 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Sprinklr currently has a consensus rating of “Moderate Buy” and an average target price of $16.86.

Sprinklr Stock Performance

Shares of CXM stock traded down $0.74 on Thursday, reaching $12.27. 7,783,942 shares of the company’s stock traded hands, compared to its average volume of 2,794,317. Sprinklr, Inc. has a 12-month low of $10.70 and a 12-month high of $17.14. The business’s 50 day moving average price is $12.90 and its two-hundred day moving average price is $13.37. The company has a market capitalization of $3.36 billion, a P/E ratio of 111.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Sprinklr Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.