Vontobel Holding Ltd. Invests $589,000 in Sprinklr, Inc. (NYSE:CXM)

Vontobel Holding Ltd. purchased a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,941 shares of the company’s stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new stake in shares of Sprinklr during the third quarter worth $27,000. BluePath Capital Management LLC acquired a new stake in shares of Sprinklr during the third quarter worth $30,000. Castleview Partners LLC acquired a new stake in shares of Sprinklr during the third quarter worth $38,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprinklr during the third quarter worth $87,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Sprinklr during the third quarter worth $146,000. 40.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CXM shares. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a research note on Monday, April 1st. 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. KeyCorp started coverage on shares of Sprinklr in a report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.90.

Insider Buying and Selling

In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total value of $3,864,800.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Arun Pattabhiraman sold 52,401 shares of the firm’s stock in a transaction 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 owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder R David Tabors sold 319,405 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The disclosure for this sale can be found here. Insiders sold a total of 495,513 shares of company stock worth $6,087,581 in the last three months. 40.29% of the stock is owned by corporate insiders.

Sprinklr Price Performance

CXM stock opened at $11.47 on Tuesday. The company has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $13.03. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 63.69, a P/E/G ratio of 2.18 and a beta of 0.87. Sprinklr, Inc. has a 1 year low of $10.93 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $194.21 million during the quarter, compared to analysts’ expectations of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. On average, equities research analysts anticipate that Sprinklr, Inc. will post 0.17 EPS for the current fiscal year.

About Sprinklr

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.