Victory Capital Management Inc. Increases Holdings in Sprinklr, Inc. (NYSE:CXM)

Victory Capital Management Inc. grew its holdings in Sprinklr, Inc. (NYSE:CXM) by 66.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,590 shares of the company’s stock after acquiring an additional 21,012 shares during the period. Victory Capital Management Inc.’s holdings in Sprinklr were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Sprinklr in the first quarter valued at about $28,000. CWM LLC lifted its position in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Sprinklr in the fourth quarter valued at about $115,000. CIBC Asset Management Inc lifted its position in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Sprinklr in the fourth quarter valued at about $161,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Price Performance

Shares of NYSE CXM opened at $7.74 on Monday. The business’s 50 day moving average is $8.80 and its two-hundred day moving average is $10.48. Sprinklr, Inc. has a 1-year low of $7.23 and a 1-year high of $17.14. The stock has a market capitalization of $2.05 billion, a P/E ratio of 36.86, a PEG ratio of 2.23 and a beta of 0.78.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CXM shares. Stifel Nicolaus reduced their target price on Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. DA Davidson reduced their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Rosenblatt Securities reduced their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company reduced their target price on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.30.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $80,578.53. Following the transaction, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. The disclosure for this sale can be found here. Insiders sold 351,937 shares of company stock worth $2,675,185 over the last 90 days. Company insiders own 30.12% of the company’s stock.

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.