Arizona State Retirement System Buys 2,072 Shares of Sprinklr, Inc. (NYSE:CXM)

Arizona State Retirement System lifted its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,582 shares of the company’s stock after acquiring an additional 2,072 shares during the period. Arizona State Retirement System’s holdings in Sprinklr were worth $368,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CXM. JPMorgan Chase & Co. increased its position in shares of Sprinklr by 37,314.8% during the first quarter. JPMorgan Chase & Co. now owns 60,612 shares of the company’s stock worth $722,000 after acquiring an additional 60,450 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Sprinklr in the first quarter valued at $11,368,000. Citigroup Inc. grew its position in Sprinklr by 308.9% in the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after purchasing an additional 1,671 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Sprinklr in the first quarter valued at $1,259,000. Finally, BlackRock Inc. grew its position in Sprinklr by 227.7% in the first quarter. BlackRock Inc. now owns 990,051 shares of the company’s stock valued at $11,781,000 after purchasing an additional 687,969 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

Sprinklr stock opened at $11.34 on Friday. The firm has a market capitalization of $3.10 billion, a PE ratio of 63.00, a P/E/G ratio of 2.19 and a beta of 0.87. The company’s 50-day moving average is $12.65 and its 200-day moving average is $13.06. Sprinklr, Inc. has a fifty-two week low of $10.93 and a fifty-two week high of $17.14.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. As a group, analysts expect that Sprinklr, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp assumed coverage on shares of Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 target price for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. Rosenblatt Securities raised their target price on shares of Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. 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. Finally, William Blair restated an “outperform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Moderate Buy” and an average price target of $16.90.

Insider Buying and Selling

In related news, CEO Ragy Thomas sold 11,742 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 $152,998.26. Following the completion of the sale, the chief executive officer now owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $216,324.06. Following the completion of the sale, the general counsel now owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the completion of the sale, 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. In the last 90 days, insiders sold 495,513 shares of company stock valued at $6,087,581. Company insiders own 40.29% of the company’s stock.

About Sprinklr

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.