Teacher Retirement System of Texas Purchases New Stake in Sprinklr, Inc. (NYSE:CXM)

Teacher Retirement System of Texas acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 94,400 shares of the company’s stock, valued at approximately $798,000.

Several other institutional investors have also recently added to or reduced their stakes in CXM. PNC Financial Services Group Inc. lifted its position in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after buying an additional 1,928 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Sprinklr in the fourth quarter worth about $42,000. SG Americas Securities LLC acquired a new position in Sprinklr in the fourth quarter valued at approximately $89,000. Cibc World Markets Corp bought a new position in shares of Sprinklr during the fourth quarter valued at approximately $92,000. Finally, EPIQ Capital Group LLC raised its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock worth $109,000 after purchasing an additional 2,664 shares during the period. Institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CXM shares. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. DA Davidson upped their price target 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. Scotiabank lifted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, March 13th. Rosenblatt Securities boosted their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.38.

Insider Buying and Selling at Sprinklr

In other 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 value of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, valued at $8,985,879.68. The trade was a 2.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 30.12% of the stock is currently owned by corporate insiders.

Sprinklr Price Performance

NYSE CXM opened at $8.43 on Friday. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $12.86. The firm has a market capitalization of $2.14 billion, a PE ratio of 52.66, a P/E/G ratio of 2.31 and a beta of 0.80. The company’s 50 day simple moving average is $8.81 and its 200 day simple moving average is $8.31.

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.