Teacher Retirement System of Texas Boosts Stock Position in Sprinklr, Inc. (NYSE:CXM)

Teacher Retirement System of Texas boosted its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 48.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,117 shares of the company's stock after purchasing an additional 45,717 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Sprinklr worth $1,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the period. Ancora Advisors LLC purchased a new position in shares of Sprinklr during the 4th quarter worth about $34,000. Cibc World Markets Corp acquired a new position in Sprinklr during the fourth quarter worth about $92,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Sprinklr during the fourth quarter valued at approximately $105,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sprinklr news, General Counsel Jacob Scott sold 62,422 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $7.99, for a total value of $498,751.78. Following the transaction, the general counsel directly owned 441,664 shares of the company's stock, valued at approximately $3,528,895.36. The trade was a 12.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Michael Harvey sold 21,422 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $9.00, for a total value of $192,798.00. Following the transaction, the insider directly owned 681,910 shares in the company, valued at $6,137,190. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,512,762 shares of company stock valued at $85,940,959 in the last quarter. Company insiders own 60.53% of the company's stock.

Sprinklr Stock Down 5.4%

Shares of CXM opened at $8.55 on Monday. The firm has a market capitalization of $2.21 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80. The stock's fifty day simple moving average is $8.38 and its 200-day simple moving average is $8.39. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $9.93.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on CXM shares. Morgan Stanley boosted their price target on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company raised their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Two 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.25.

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.

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