Bank of America Corp DE Acquires 224,886 Shares of Sprinklr, Inc. (NYSE:CXM)

Bank of America Corp DE raised its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 34.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 883,398 shares of the company's stock after buying an additional 224,886 shares during the period. Bank of America Corp DE owned about 0.35% of Sprinklr worth $7,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXM. PNC Financial Services Group Inc. increased its stake in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares during the period. EPIQ Capital Group LLC increased its stake in 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 acquiring an additional 2,664 shares during the period. NewEdge Advisors LLC increased its stake in Sprinklr by 10.6% during the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock worth $238,000 after acquiring an additional 2,700 shares during the period. Ancora Advisors LLC bought a new position in Sprinklr during the 4th quarter worth $34,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Sprinklr by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock worth $482,000 after acquiring an additional 4,194 shares during the period. Institutional investors own 40.19% of the company's stock.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction 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 sale, the director now owns 968,306 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 60.53% of the stock is owned by corporate insiders.

Sprinklr Stock Performance

Shares of Sprinklr stock traded up $0.08 on Thursday, hitting $8.50. 654,328 shares of the company's stock were exchanged, compared to its average volume of 1,999,716. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.02. The company has a 50-day simple moving average of $7.88 and a 200-day simple moving average of $8.40. The stock has a market capitalization of $2.17 billion, a PE ratio of 53.10, a PEG ratio of 2.31 and a beta of 0.77.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price 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. Morgan Stanley reduced their target price on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. DA Davidson reduced their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Scotiabank raised their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $10.00.

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.