Ellsworth Advisors LLC Acquires New Holdings in Sprinklr, Inc. (NYSE:CXM)

Ellsworth Advisors LLC bought a new position in Sprinklr, Inc. (NYSE:CXM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 38,971 shares of the company’s stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Sprinklr by 228.3% in the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after purchasing an additional 708,655 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sprinklr by 36.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock valued at $12,153,000 after buying an additional 235,111 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Sprinklr during the 2nd quarter worth $2,055,000. Horrell Capital Management Inc. grew its position in Sprinklr by 63.1% in the fourth quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock worth $4,045,000 after acquiring an additional 130,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Sprinklr in the third quarter valued at $87,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CMO Arun Pattabhiraman sold 27,859 shares of Sprinklr stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $363,002.77. Following the sale, the chief marketing officer now owns 382,101 shares of the company’s stock, valued at approximately $4,978,776.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Arun Pattabhiraman sold 27,859 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $363,002.77. Following the sale, the chief marketing officer now directly owns 382,101 shares of the company’s stock, valued at $4,978,776.03. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ragy Thomas sold 11,742 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 $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. Insiders sold 195,682 shares of company stock valued at $2,476,123 over the last quarter. 40.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays reduced their price target on shares of Sprinklr from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 11th. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Sprinklr from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, December 7th. Finally, KeyCorp assumed coverage on shares of Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target for the company. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.86.

Sprinklr Trading Down 5.7 %

Shares of CXM stock traded down $0.74 during trading hours on Thursday, reaching $12.27. The company’s stock had a trading volume of 7,783,942 shares, compared to its average volume of 2,794,317. Sprinklr, Inc. has a one year low of $10.70 and a one year high of $17.14. The stock has a market capitalization of $3.36 billion, a P/E ratio of 111.55, a P/E/G ratio of 2.95 and a beta of 0.89. The firm’s fifty day simple moving average is $12.90 and its 200 day simple moving average is $13.37.

Sprinklr Company 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.