Bank of America Corp DE Increases Stock Position in Sprinklr, Inc. (NYSE:CXM)

Bank of America Corp DE boosted its position in Sprinklr, Inc. (NYSE:CXM) by 34.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,398 shares of the company’s stock after purchasing an additional 224,886 shares during the quarter. Bank of America Corp DE owned about 0.35% of Sprinklr worth $7,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Sprinklr during the fourth quarter valued at approximately $34,000. SG Americas Securities LLC bought a new position in shares of Sprinklr during the fourth quarter valued at approximately $89,000. Cibc World Markets Corp bought a new position in Sprinklr in the 4th quarter worth about $92,000. Finally, EPIQ Capital Group LLC boosted its stake in Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

Sprinklr stock opened at $8.02 on Monday. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.05. The stock has a market cap of $2.05 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The stock has a 50-day moving average of $7.92 and a two-hundred day moving average of $8.40.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the sale, the director now directly owns 968,306 shares in the company, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 60.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CXM shares. Rosenblatt Securities increased their price target on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Wells Fargo & Company decreased their target price on Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 13th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th. Finally, William Blair lowered Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

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.