Swiss National Bank Has $1.82 Million Stake in Sprinklr, Inc. (NYSE:CXM)

Swiss National Bank lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 215,500 shares of the company’s stock after selling 16,800 shares during the period. Swiss National Bank owned approximately 0.08% of Sprinklr worth $1,821,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in Sprinklr by 17.0% in the 3rd quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock valued at $476,000 after acquiring an additional 8,928 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Sprinklr in the third quarter valued at $231,000. Charles Schwab Investment Management Inc. lifted its position in Sprinklr by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock worth $8,018,000 after purchasing an additional 97,066 shares during the period. Quantbot Technologies LP boosted its stake in Sprinklr by 63.6% during the third quarter. Quantbot Technologies LP now owns 132,285 shares of the company’s stock worth $1,023,000 after buying an additional 51,440 shares in the last quarter. Finally, FMR LLC increased its holdings in Sprinklr by 152.8% in the 3rd quarter. FMR LLC now owns 91,029 shares of the company’s stock valued at $704,000 after buying an additional 55,022 shares during the period. Institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Down 3.8 %

Shares of NYSE CXM opened at $8.43 on Friday. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $12.86. The company has a 50-day moving average of $8.81 and a two-hundred day moving average of $8.30. The company has a market cap of $2.14 billion, a PE ratio of 52.66, a P/E/G ratio of 2.31 and a beta of 0.80.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CXM. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Scotiabank increased their target price on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, March 13th. Morgan Stanley boosted their price target on Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, March 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Finally, William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.38.

Insider Buying and Selling

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now directly owns 968,306 shares in the company, valued at approximately $8,985,879.68. This represents a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.12% of the stock is currently owned by corporate 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.