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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Sprinklr during the fourth quarter valued at about $424,000. Ancora Advisors LLC bought a new stake in shares of Sprinklr in the fourth quarter worth about $34,000. 272 Capital LP increased its holdings in shares of Sprinklr by 21.0% in the fourth quarter. 272 Capital LP now owns 374,111 shares of the company's stock worth $3,161,000 after purchasing an additional 64,863 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Sprinklr by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after purchasing an additional 38,895 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Sprinklr in the fourth quarter worth about $3,422,000. 40.19% of the stock is owned by institutional investors.

Sprinklr Price Performance

Shares of NYSE:CXM traded down $0.03 during trading hours on Friday, hitting $8.47. 104,838 shares of the company's stock traded hands, compared to its average volume of 1,998,896. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $11.79. The business has a fifty day moving average price of $7.87 and a 200-day moving average price of $8.40. The firm has a market capitalization of $2.17 billion, a P/E ratio of 52.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

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 transaction of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 60.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CXM. Wells Fargo & Company reduced their target price on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Morgan Stanley dropped their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Finally, Rosenblatt Securities lifted their price target on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.00.

Sprinklr 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.