Texas Permanent School Fund Corp Cuts Holdings in Sprinklr, Inc. (NYSE:CXM)

Texas Permanent School Fund Corp lessened its stake in Sprinklr, Inc. (NYSE:CXM) by 14.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 88,508 shares of the company’s stock after selling 14,985 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Sprinklr were worth $851,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP raised its holdings in shares of Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its position in shares of Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after purchasing an additional 827,375 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Sprinklr by 19,023.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock worth $8,722,000 after purchasing an additional 707,115 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Sprinklr by 212.6% during the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after purchasing an additional 469,305 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $7.75 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of 36.88, a PEG ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a 1 year low of $7.23 and a 1 year high of $17.14. The company’s fifty day moving average is $8.83 and its two-hundred day moving average is $10.54.

Analyst Ratings Changes

CXM has been the subject of a number of recent analyst reports. DA Davidson decreased their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. KeyCorp decreased their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Barclays lowered their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley cut their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.30.

Insider Buying and Selling

In other Sprinklr news, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. The disclosure for this sale can be found here. Insiders have sold a total of 351,937 shares of company stock valued at $2,675,185 over the last quarter. 30.12% of the stock is currently owned by 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.