Cornercap Investment Counsel Inc. Invests $253,000 in Sprinklr, Inc. (NYSE:CXM)

Cornercap Investment Counsel Inc. bought a new stake in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,990 shares of the company's stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Sprinklr in the fourth quarter worth about $16,477,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $1,428,000. WINTON GROUP Ltd bought a new stake in shares of Sprinklr during the fourth quarter worth approximately $1,234,000. KLP Kapitalforvaltning AS acquired a new position in Sprinklr in the fourth quarter valued at approximately $188,000. Finally, Quantbot Technologies LP boosted its stake in Sprinklr by 26.5% in the fourth quarter. Quantbot Technologies LP now owns 167,333 shares of the company's stock valued at $1,414,000 after acquiring an additional 35,048 shares during the last quarter. Institutional investors own 40.19% of the company's stock.

Sprinklr Price Performance

CXM stock traded down $0.64 during trading hours on Thursday, reaching $7.82. 565,380 shares of the stock were exchanged, compared to its average volume of 2,048,881. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 2.31 and a beta of 0.80. The firm's 50-day moving average is $8.80 and its 200-day moving average is $8.32. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $12.86.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have commented on CXM shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Barclays upped their price target on Sprinklr from $7.00 to $9.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Cantor Fitzgerald reissued a "neutral" rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Morgan Stanley upped their target price on shares of Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Finally, Rosenblatt Securities lifted their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.38.

Insider Buying and Selling

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares of the company's stock, valued at $8,985,879.68. This represents a 2.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 30.12% of the stock is owned by corporate insiders.

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.