Sprinklr, Inc. (NYSE:CXM) Shares Bought by Strs Ohio

Strs Ohio boosted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,700 shares of the company’s stock after buying an additional 9,000 shares during the quarter. Strs Ohio’s holdings in Sprinklr were worth $766,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CXM. AE Wealth Management LLC bought a new position in Sprinklr during the third quarter valued at about $506,000. Windmill Hill Asset Management Ltd bought a new position in Sprinklr during the third quarter valued at about $273,000. Robeco Institutional Asset Management B.V. bought a new position in Sprinklr during the third quarter valued at about $187,000. Bank of New York Mellon Corp boosted its stake in Sprinklr by 228.3% during the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock valued at $14,104,000 after buying an additional 708,655 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sprinklr by 29.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,351 shares of the company’s stock valued at $295,000 after buying an additional 4,869 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CXM shares. KeyCorp began coverage on Sprinklr in a research note on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price for the company. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a research report on Monday, April 1st. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research report on Monday. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.90.

Sprinklr Price Performance

CXM opened at $11.98 on Thursday. Sprinklr, Inc. has a fifty-two week low of $10.93 and a fifty-two week high of $17.14. The business has a 50-day moving average of $12.59 and a 200-day moving average of $13.01. The company has a market capitalization of $3.27 billion, a PE ratio of 66.53, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87.

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

Insider Activity at Sprinklr

In related news, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 495,513 shares of company stock valued at $6,087,581. Corporate insiders own 40.29% of the company’s stock.

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.