Teacher Retirement System of Texas purchased a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 94,400 shares of the company's stock, valued at approximately $798,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after purchasing an additional 434,920 shares in the last quarter. State Street Corp lifted its stake in shares of Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company's stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock valued at $21,560,000 after buying an additional 295,638 shares during the period. Verition Fund Management LLC boosted its position in Sprinklr by 742.9% during the third quarter. Verition Fund Management LLC now owns 234,327 shares of the company's stock worth $1,811,000 after acquiring an additional 206,526 shares during the last quarter. Finally, Barclays PLC grew its stake in Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after acquiring an additional 179,661 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on CXM. Barclays raised their price objective on Sprinklr from $7.00 to $9.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Scotiabank raised their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Finally, Rosenblatt Securities upped 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.38.
Check Out Our Latest Stock Analysis on CXM
Sprinklr Stock Down 0.6 %
Shares of CXM stock traded down $0.05 during mid-day trading on Wednesday, reaching $8.47. The company's stock had a trading volume of 1,084,046 shares, compared to its average volume of 2,054,397. The firm has a market capitalization of $2.17 billion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The company's 50 day simple moving average is $8.80 and its 200-day simple moving average is $8.32. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $12.86.
Insider Activity at Sprinklr
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 value of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 30.12% of the stock is owned by insiders.
Sprinklr Profile
(
Free Report)
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.
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