Sprinklr, Inc. (NYSE:CXM) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 139.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 691,277 shares of the company's stock after purchasing an additional 402,761 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Sprinklr worth $5,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new position in shares of Sprinklr during the fourth quarter worth about $34,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr during the fourth quarter worth about $89,000. Cibc World Markets Corp acquired a new stake in Sprinklr in the fourth quarter valued at approximately $92,000. Finally, EP Wealth Advisors LLC purchased a new position in Sprinklr in the fourth quarter worth approximately $105,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CXM has been the subject of a number of research analyst reports. DA Davidson lowered their price target on Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Morgan Stanley reduced their price objective on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Cantor Fitzgerald started coverage on shares of Sprinklr in a report on Tuesday. They issued a "neutral" rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Sprinklr presently has an average rating of "Hold" and a consensus price target of $9.92.

Insider Buying and Selling at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 directly owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 60.53% of the stock is owned by company insiders.

Sprinklr Stock Performance

Sprinklr stock traded up $0.47 during trading on Wednesday, reaching $9.02. The company had a trading volume of 1,728,085 shares, compared to its average volume of 2,004,737. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $11.01. The stock's 50 day moving average price is $7.84 and its two-hundred day moving average price is $8.42. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 56.41, a PEG ratio of 2.31 and a beta of 0.77.

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.