Strs Ohio Has $766,000 Stake in Sprinklr, Inc. (NYSE:CXM)

Strs Ohio lifted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,700 shares of the company’s stock after acquiring 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 reporting period.

Other hedge funds also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in shares of Sprinklr during the 3rd quarter valued at $27,000. BluePath Capital Management LLC acquired a new stake in shares of Sprinklr during the 3rd quarter valued at $30,000. Castleview Partners LLC acquired a new stake in shares of Sprinklr during the 3rd quarter valued at $38,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprinklr during the 3rd quarter valued at $87,000. Finally, Victory Capital Management Inc. bought a new position in Sprinklr during the 3rd quarter worth $146,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

CXM has been the subject of several analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $16.00 target price on shares of Sprinklr in a research report on Thursday, March 28th. Wells Fargo & Company raised their target price on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. KeyCorp initiated coverage on Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price for the company. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 target price on shares of Sprinklr in a research report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Sprinklr presently has an average rating of “Moderate Buy” and an average price target of $16.90.

Sprinklr Trading Up 1.2 %

CXM stock opened at $11.98 on Thursday. The stock has a 50-day moving average price of $12.59 and a 200-day moving average price of $13.01. Sprinklr, Inc. has a 1-year low of $10.93 and a 1-year high of $17.14. The firm has a market cap 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 posted its quarterly earnings data 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 analyst estimates of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. On average, analysts forecast that Sprinklr, Inc. will post 0.17 earnings per share for the current year.

Insider Activity

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

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.