Bank of New York Mellon Corp Has $13.03 Million Holdings in Sprinklr, Inc. (NYSE:CXM)

Bank of New York Mellon Corp increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.61% of Sprinklr worth $13,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. lifted its position in Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the period. Norges Bank bought a new position in Sprinklr during the fourth quarter valued at approximately $16,477,000. Susquehanna Fundamental Investments LLC bought a new position in Sprinklr during the fourth quarter valued at approximately $3,786,000. Tudor Investment Corp ET AL purchased a new stake in Sprinklr during the fourth quarter valued at approximately $3,422,000. Finally, Nuveen Asset Management LLC increased its holdings in Sprinklr by 139.6% during the fourth 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 during the last quarter. Institutional investors own 40.19% of the company's stock.

Insider Activity

In related news, insider Scott Michael Harvey sold 121,057 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $8.32, for a total transaction of $1,007,194.24. Following the sale, the insider directly owned 703,332 shares of the company's stock, valued at approximately $5,851,722.24. This represents a 14.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 285,439 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $8.68, for a total value of $2,477,610.52. Following the completion of the transaction, the insider directly owned 229,360 shares of the company's stock, valued at approximately $1,990,844.80. The trade was a 55.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,512,762 shares of company stock worth $85,940,959 in the last ninety days. 60.53% of the stock is currently owned by company insiders.

Sprinklr Stock Down 0.8%

Sprinklr stock traded down $0.08 during mid-day trading on Thursday, hitting $9.02. The company had a trading volume of 284,749 shares, compared to its average volume of 1,967,623. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.99 and a beta of 0.80. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $9.93. The business has a fifty day moving average of $8.52 and a 200 day moving average of $8.41.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. Sprinklr's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Equities analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

CXM has been the subject of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research note on Friday, June 27th. DA Davidson raised their target price on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Wells Fargo & Company raised their price target on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, June 5th. Morgan Stanley raised their price target on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.25.

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.