Westover Capital Advisors LLC Invests $911,000 in Sprinklr, Inc. (NYSE:CXM)

Westover Capital Advisors LLC purchased a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 75,643 shares of the company’s stock, valued at approximately $911,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CXM. RiverPark Advisors LLC acquired a new position in Sprinklr during the 3rd quarter worth about $27,000. BluePath Capital Management LLC acquired a new position in Sprinklr during the 3rd quarter valued at about $30,000. Castleview Partners LLC acquired a new position in Sprinklr during the 3rd quarter valued at about $38,000. DekaBank Deutsche Girozentrale acquired a new position in Sprinklr during the 3rd quarter valued at about $87,000. Finally, Victory Capital Management Inc. acquired a new position in Sprinklr during the 3rd quarter valued at about $146,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Performance

Sprinklr stock traded down $0.08 during midday trading on Thursday, reaching $11.86. 929,099 shares of the company’s stock were exchanged, compared to its average volume of 2,598,921. The stock’s 50-day simple moving average is $12.52 and its 200 day simple moving average is $12.94. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 66.36, a P/E/G ratio of 2.25 and a beta of 0.87. Sprinklr, Inc. has a 52 week low of $10.93 and a 52 week high of $17.14.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. The company had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Research analysts forecast that Sprinklr, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CXM. KeyCorp started coverage on Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $16.00 price objective on shares of Sprinklr in a research report on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. Wells Fargo & Company lifted their price target on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Finally, Oppenheimer restated a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.90.

Insider Transactions at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the firm’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 sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now owns 438,214 shares in the company, valued at approximately $5,709,928.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 495,273 shares of company stock worth $6,083,127. 40.29% of the stock is owned by insiders.

Sprinklr Company 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.