Bank of New York Mellon Corp Raises Stock Holdings in Sprinklr, Inc. (NYSE:CXM)

Bank of New York Mellon Corp lifted its stake in Sprinklr, Inc. (NYSE:CXM - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,560,184 shares of the company's stock after acquiring an additional 65,897 shares during the period. Bank of New York Mellon Corp owned 0.61% of Sprinklr worth $13,028,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CXM. Jefferies Financial Group Inc. raised its position in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after acquiring an additional 2,851,106 shares in the last quarter. Norges Bank acquired a new position in Sprinklr during the 4th quarter valued at about $16,477,000. Susquehanna Fundamental Investments LLC acquired a new position in Sprinklr during the 4th quarter valued at about $3,786,000. Tudor Investment Corp ET AL acquired a new position in Sprinklr during the 4th quarter valued at about $3,422,000. Finally, Nuveen Asset Management LLC increased its position in Sprinklr by 139.6% during the 4th quarter. Nuveen Asset Management LLC now owns 691,277 shares of the company's stock valued at $5,841,000 after buying an additional 402,761 shares in the last quarter. 40.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CXM shares. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, June 27th. Cantor Fitzgerald started coverage on Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. Wells Fargo & Company upped their target price on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Finally, DA Davidson increased their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.25.

Sprinklr Stock Down 0.6%

Shares of CXM traded down $0.06 during mid-day trading on Thursday, reaching $9.04. The company had a trading volume of 1,226,841 shares, compared to its average volume of 3,064,018. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $9.93. The stock has a market capitalization of $2.34 billion, a P/E ratio of 22.04, a PEG ratio of 2.00 and a beta of 0.80. The stock has a 50 day moving average of $8.53 and a two-hundred day moving average of $8.41.

Sprinklr (NYSE:CXM - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The firm had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Insider Transactions at Sprinklr

In other Sprinklr news, CFO Manish Sarin sold 174,749 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the transaction, the chief financial officer owned 732,421 shares in the company, valued at approximately $6,643,058.47. This represents a 19.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Michael Harvey sold 21,422 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $9.00, for a total value of $192,798.00. Following the transaction, the insider owned 681,910 shares in the company, valued at $6,137,190. This represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,512,762 shares of company stock valued at $85,940,959. 60.53% of the stock is owned by insiders.

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.