Commonwealth Equity Services LLC Has $220,000 Stock Position in Sprinklr, Inc. (NYSE:CXM)

Commonwealth Equity Services LLC lifted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,854 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sprinklr were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. RK Capital Management LLC lifted its position in shares of Sprinklr by 29.0% during the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock worth $6,190,000 after buying an additional 115,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Sprinklr by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after purchasing an additional 27,652 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Sprinklr in the 1st quarter worth about $883,000. D.A. Davidson & CO. bought a new stake in shares of Sprinklr in the 4th quarter worth about $161,000. Finally, Virtu Financial LLC acquired a new stake in shares of Sprinklr during the 4th quarter worth about $173,000. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Stock Performance

Shares of CXM stock opened at $7.55 on Thursday. The firm’s 50 day moving average price is $8.69 and its two-hundred day moving average price is $10.36. Sprinklr, Inc. has a 52-week low of $7.23 and a 52-week high of $17.14. The stock has a market cap of $1.91 billion, a PE ratio of 35.93, a PEG ratio of 2.25 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CXM shares. Stifel Nicolaus dropped their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Wells Fargo & Company cut their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. DA Davidson decreased their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. Finally, Citigroup decreased their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.30.

Insider Activity

In related news, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares of the company’s stock, valued at $2,951,455.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the transaction, the insider now owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The disclosure for this sale can be found here. Insiders have sold a total of 351,937 shares of company stock valued at $2,675,185 in the last 90 days. 30.12% of the stock is owned by company 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.