New York State Common Retirement Fund Sells 2,230 Shares of Sprinklr, Inc. (NYSE:CXM)

New York State Common Retirement Fund decreased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 207,787 shares of the company’s stock after selling 2,230 shares during the quarter. New York State Common Retirement Fund’s holdings in Sprinklr were worth $2,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Sprinklr by 228.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock valued at $14,104,000 after acquiring an additional 708,655 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sprinklr by 36.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock valued at $12,153,000 after acquiring an additional 235,111 shares during the last quarter. Horrell Capital Management Inc. raised its position in shares of Sprinklr by 63.1% during the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after acquiring an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Sprinklr during the 3rd quarter valued at $87,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Sprinklr during the 3rd quarter valued at $2,672,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Up 3.6 %

Shares of NYSE CXM opened at $12.82 on Wednesday. The firm has a market cap of $3.50 billion, a PE ratio of 71.34, a PEG ratio of 2.29 and a beta of 0.87. Sprinklr, Inc. has a 1-year low of $10.93 and a 1-year high of $17.14. The company has a fifty day moving average price of $12.48 and a 200 day moving average price of $12.89.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.02% and a return on equity of 8.15%. Equities research analysts forecast that Sprinklr, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

CXM has been the subject of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $16.00 target price on shares of Sprinklr in a research report on Thursday, March 28th. DA Davidson reissued a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. William Blair reissued an “outperform” rating on shares of Sprinklr in a report on Monday, April 22nd. Rosenblatt Securities boosted their price target on shares of Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Sprinklr presently has a consensus rating of “Moderate Buy” and an average price target of $16.90.

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,735,110.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 495,273 shares of company stock valued at $6,083,127. Company insiders own 40.29% of the company’s stock.

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.