Handelsbanken Fonder AB Acquires Shares of 15,000 Sprinklr, Inc. (NYSE:CXM)

Handelsbanken Fonder AB bought a new stake in Sprinklr, Inc. (NYSE:CXM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the company’s stock, valued at approximately $181,000.

A number of other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Sprinklr by 228.3% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Sprinklr by 36.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock worth $12,153,000 after purchasing an additional 235,111 shares during the period. Horrell Capital Management Inc. grew its position in Sprinklr by 63.1% during the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock worth $4,045,000 after purchasing an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Sprinklr in the third quarter valued at $87,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of Sprinklr in the third quarter valued at about $2,672,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Price Performance

NYSE CXM opened at $11.94 on Friday. The business has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.93. The company has a market capitalization of $3.26 billion, a P/E ratio of 67.28, a PEG ratio of 2.30 and a beta of 0.87. Sprinklr, Inc. has a 1-year low of $10.93 and a 1-year high of $17.14.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on CXM shares. Wells Fargo & Company boosted their price target on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Rosenblatt Securities increased their price target on Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. DA Davidson reissued a “buy” rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, KeyCorp started coverage on shares of Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.90.

Insider Transactions at Sprinklr

In related news, CEO Ragy Thomas sold 11,742 shares of the company’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 sale, the chief executive officer now owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total value of $3,864,800.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction 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 in the company, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. Insiders sold a total of 495,273 shares of company stock valued at $6,083,127 in the last ninety days. Corporate 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.