Bank of New York Mellon Corp Has $12.63 Million Stock Holdings in Sprinklr, Inc. (NYSE:CXM)

Bank of New York Mellon Corp raised its stake in Sprinklr, Inc. (NYSE:CXM) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494,287 shares of the company’s stock after buying an additional 11,513 shares during the period. Bank of New York Mellon Corp owned 0.59% of Sprinklr worth $12,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in shares of Sprinklr in the 4th quarter valued at $42,000. SG Americas Securities LLC bought a new position in Sprinklr in the fourth quarter valued at about $89,000. GSA Capital Partners LLP acquired a new stake in shares of Sprinklr during the third quarter valued at about $129,000. CWA Asset Management Group LLC acquired a new stake in shares of Sprinklr during the third quarter valued at about $194,000. Finally, Intech Investment Management LLC bought a new stake in shares of Sprinklr during the third quarter worth about $231,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

Shares of CXM stock opened at $9.37 on Thursday. The company has a market cap of $2.38 billion, a P/E ratio of 58.53, a PEG ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.32. The stock has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $8.27.

Wall Street Analyst Weigh In

CXM has been the topic of several recent research reports. Barclays lifted their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. William Blair downgraded Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Stifel Nicolaus lifted their target price on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $10.50 price target on shares of Sprinklr in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.13.

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.