Lazard Asset Management LLC Makes New $117,000 Investment in Sprinklr, Inc. (NYSE:CXM)

Lazard Asset Management LLC purchased a new position in shares of Sprinklr, Inc. (NYSE:CXMGet Rating) during the second quarter, Holdings Channel.com reports. The firm purchased 11,663 shares of the company’s stock, valued at approximately $117,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. boosted its holdings in shares of Sprinklr by 308.9% during the 1st quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock worth $26,000 after buying an additional 1,671 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Sprinklr during the 1st quarter worth approximately $44,000. UBS Group AG boosted its holdings in shares of 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 buying an additional 1,111 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Sprinklr during the 1st quarter worth approximately $108,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Sprinklr during the first quarter worth approximately $111,000. 53.95% of the stock is currently owned by institutional investors.

Insider Activity at Sprinklr

In other news, CTO Pavitar Singh sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $12.50, for a total transaction of $31,250.00. Following the completion of the sale, the chief technology officer now directly owns 269,738 shares of the company’s stock, valued at approximately $3,371,725. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CRO Luca Lazzaron sold 24,692 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $11.27, for a total transaction of $278,278.84. Following the completion of the sale, the executive now directly owns 530,413 shares of the company’s stock, valued at approximately $5,977,754.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Pavitar Singh sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $12.50, for a total value of $31,250.00. Following the sale, the chief technology officer now directly owns 269,738 shares of the company’s stock, valued at $3,371,725. The disclosure for this sale can be found here. In the last three months, insiders sold 73,520 shares of company stock valued at $735,718. 43.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CXM shares. Citigroup upped their target price on Sprinklr from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, September 15th. BTIG Research started coverage on Sprinklr in a research report on Thursday, September 29th. They set a “buy” rating and a $12.00 target price on the stock. Morgan Stanley upped their target price on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Friday, September 9th. Finally, Barclays lowered their target price on Sprinklr from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, November 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.22.

Sprinklr Trading Up 2.7 %

NYSE CXM opened at $8.33 on Wednesday. The firm has a market capitalization of $2.17 billion, a P/E ratio of -18.93 and a beta of 0.82. The business has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $10.67. Sprinklr, Inc. has a 12 month low of $7.73 and a 12 month high of $16.48.

Sprinklr (NYSE:CXMGet Rating) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $150.60 million during the quarter, compared to analyst estimates of $147.45 million. Sprinklr had a negative return on equity of 20.08% and a negative net margin of 20.66%. Sprinklr’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. As a group, sell-side analysts predict that Sprinklr, Inc. will post -0.32 EPS for the current fiscal year.

Sprinklr Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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