Sprinklr, Inc. (NYSE:CXM) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 33.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,059 shares of the company’s stock after purchasing an additional 30,423 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Sprinklr were worth $1,470,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Formidable Asset Management LLC grew its position in Sprinklr by 5.3% in the 3rd quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock valued at $248,000 after acquiring an additional 900 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Sprinklr by 4.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,564 shares of the company’s stock valued at $326,000 after acquiring an additional 946 shares in the last quarter. UBS Group AG grew its position in Sprinklr by 23.4% in the 1st quarter. UBS Group AG now owns 5,862 shares of the company’s stock valued at $69,000 after acquiring an additional 1,111 shares in the last quarter. Citigroup Inc. grew its position in Sprinklr by 12.0% in the 4th quarter. Citigroup Inc. now owns 11,091 shares of the company’s stock valued at $91,000 after acquiring an additional 1,185 shares in the last quarter. Finally, FMR LLC grew its position in Sprinklr by 126.1% in the 1st quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after acquiring an additional 1,484 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXM has been the subject of several research reports. Rosenblatt Securities lifted their target price on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. KeyCorp initiated coverage on Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Monday, April 1st. Finally, TheStreet cut Sprinklr from a “c-” rating to a “d+” rating in a research note on Thursday, December 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Sprinklr currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

Sprinklr Stock Down 0.4 %

CXM stock opened at $11.34 on Monday. The business has a 50 day moving average price of $12.65 and a 200 day moving average price of $13.05. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 2.18 and a beta of 0.87. Sprinklr, Inc. has a fifty-two week low of $10.93 and a fifty-two week high of $17.14.

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

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business’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 completion of the sale, the chief executive officer now owns 438,214 shares in the company, valued at $5,709,928.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder R David Tabors sold 319,405 shares of the business’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 this hyperlink. Also, CEO Ragy Thomas sold 11,742 shares of the business’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 transaction, 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. Over the last quarter, insiders sold 495,513 shares of company stock worth $6,087,581. 40.29% of the stock is owned by insiders.

Sprinklr Company 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.