Victory Capital Management Inc. Boosts Stake in Sprinklr, Inc. (NYSE:CXM)

Victory Capital Management Inc. lifted its holdings in Sprinklr, Inc. (NYSE:CXM) by 41.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,070 shares of the company’s stock after buying an additional 25,552 shares during the period. Victory Capital Management Inc.’s holdings in Sprinklr were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares in the last quarter. Geode Capital Management LLC increased its position in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after purchasing an additional 295,638 shares during the last quarter. Bank of New York Mellon Corp increased its position in Sprinklr by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock worth $12,627,000 after purchasing an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sprinklr by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after purchasing an additional 18,021 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 13th. Scotiabank raised their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 13th. DA Davidson raised their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Stifel Nicolaus raised their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.38.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 30.12% of the company’s stock.

Sprinklr Stock Performance

Shares of CXM stock opened at $8.63 on Friday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 53.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The company has a 50 day moving average price of $8.78 and a 200 day moving average price of $8.27. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.32.

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.