Jennison Associates LLC Has $701,000 Holdings in Sprinklr, Inc. (NYSE:CXM)

Jennison Associates LLC increased its stake in Sprinklr, Inc. (NYSE:CXM) by 22.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,239 shares of the company’s stock after purchasing an additional 10,837 shares during the quarter. Jennison Associates LLC’s holdings in Sprinklr were worth $701,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CXM. RiverPark Advisors LLC acquired a new stake in shares of Sprinklr in the 3rd quarter valued at approximately $27,000. BluePath Capital Management LLC bought a new stake in Sprinklr in the 3rd quarter valued at $30,000. Castleview Partners LLC bought a new stake in Sprinklr in the 3rd quarter valued at $38,000. DekaBank Deutsche Girozentrale bought a new stake in Sprinklr in the 3rd quarter valued at $87,000. Finally, Victory Capital Management Inc. bought a new stake in Sprinklr in the 3rd quarter valued at $146,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Insider Transactions at Sprinklr

In other news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the sale, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the sale, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Diane Adams sold 16,600 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 $216,298.00. Following the completion of the transaction, the insider now owns 251,340 shares in the company, valued at approximately $3,274,960.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 495,513 shares of company stock valued at $6,087,581. 40.29% of the stock is owned by corporate insiders.

Sprinklr Price Performance

CXM stock opened at $11.93 on Friday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 66.28, a PEG ratio of 2.28 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. The business’s fifty day moving average price is $12.56 and its two-hundred day moving average price is $12.97.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $194.21 million for 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%. Research analysts expect that Sprinklr, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

CXM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. DA Davidson restated a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a research note on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a research note on Thursday, March 28th. Finally, KeyCorp started coverage on Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

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.