Sprinklr, Inc. (NYSE:CXM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in Sprinklr, Inc. (NYSE:CXM) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,787 shares of the company’s stock after selling 2,230 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Sprinklr worth $2,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CXM. Cadian Capital Management LP lifted its stake in shares of Sprinklr by 14.7% in the third quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company’s stock valued at $155,072,000 after purchasing an additional 1,434,907 shares during the period. Vanguard Group Inc. raised its position in Sprinklr by 13.6% during the third quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after acquiring an additional 1,399,510 shares during the last quarter. Bank of New York Mellon Corp raised its position in Sprinklr by 228.3% during the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after acquiring an additional 708,655 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Sprinklr during the third quarter worth about $8,124,000. Finally, Federated Hermes Inc. raised its position in Sprinklr by 234.5% during the third quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock worth $10,731,000 after acquiring an additional 543,588 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Performance

Sprinklr stock opened at $12.82 on Wednesday. Sprinklr, Inc. has a 1 year low of $10.93 and a 1 year high of $17.14. The firm has a 50 day moving average price of $12.48 and a 200 day moving average price of $12.89. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 71.34, a PEG ratio of 2.29 and a beta of 0.87.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (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 during the quarter, compared to the consensus estimate of $188.50 million. Sell-side analysts predict that Sprinklr, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CXM shares. Cantor Fitzgerald restated an “overweight” rating and set a $16.00 target price on shares of Sprinklr in a research report on Thursday, March 28th. William Blair restated an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. Oppenheimer restated a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price target on shares of Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Finally, Rosenblatt Securities lifted their price target on shares of Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.90.

Insiders Place Their Bets

In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Jacob Scott sold 16,602 shares of the business’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 transaction of $216,324.06. Following the sale, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The disclosure for this sale can be found here. Insiders sold a total of 495,273 shares of company stock worth $6,083,127 over the last ninety days. 40.29% of the stock is owned by company insiders.

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.