Stanley Laman Group Ltd. Has $12.59 Million Stock Position in Sprinklr, Inc. (NYSE:CXM)

Stanley Laman Group Ltd. raised its position in shares of Sprinklr, Inc. (NYSE:CXM) by 1,185.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,045,673 shares of the company’s stock after acquiring an additional 964,333 shares during the period. Sprinklr accounts for approximately 1.9% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 3rd largest holding. Stanley Laman Group Ltd.’s holdings in Sprinklr were worth $12,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CXM. RiverPark Advisors LLC acquired a new position in Sprinklr during the third quarter valued at approximately $27,000. BluePath Capital Management LLC acquired a new position in Sprinklr during the third quarter valued at approximately $30,000. Castleview Partners LLC acquired a new position in Sprinklr during the third quarter valued at approximately $38,000. DekaBank Deutsche Girozentrale acquired a new position in Sprinklr during the third quarter valued at approximately $87,000. Finally, Victory Capital Management Inc. acquired a new position in Sprinklr during the third quarter valued at approximately $146,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

NYSE:CXM traded down $0.14 during trading hours on Thursday, reaching $11.84. The company’s stock had a trading volume of 1,090,676 shares, compared to its average volume of 2,678,902. Sprinklr, Inc. has a 1 year low of $10.93 and a 1 year high of $17.14. The firm has a 50-day simple moving average of $12.57 and a 200-day simple moving average of $13.00. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 65.75, a PEG ratio of 2.28 and a beta of 0.87.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results 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. Equities analysts anticipate that Sprinklr, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CXM. Rosenblatt Securities upped their price target on shares of Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. KeyCorp began coverage on shares of Sprinklr in a report on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target for the company. Oppenheimer reiterated 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 report on Monday, April 1st. Finally, Wells Fargo & Company increased their price objective on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Sprinklr has an average rating of “Moderate Buy” and a consensus price target of $16.90.

Insider Transactions at Sprinklr

In other news, CMO Arun Pattabhiraman sold 52,401 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares in the company, valued at $5,735,110.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $11.66, for a total transaction of $610,995.66. Following the completion of the transaction, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diane Adams sold 16,600 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,298.00. Following the sale, the insider now directly owns 251,340 shares of the company’s stock, valued at $3,274,960.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 495,513 shares of company stock worth $6,087,581. Corporate insiders own 40.29% of the company’s stock.

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.