Sprinklr, Inc. (NYSE:CXM) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 48.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 140,117 shares of the company's stock after acquiring an additional 45,717 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Sprinklr worth $1,170,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after purchasing an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at approximately $34,000. Cibc World Markets Corp acquired a new stake in shares of Sprinklr in the 4th quarter valued at approximately $92,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at approximately $105,000. 40.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Sprinklr

In other news, Director Ragy Thomas sold 3,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $8.37, for a total value of $25,110,000.00. Following the transaction, the director owned 766,217 shares in the company, valued at $6,413,236.29. This trade represents a 79.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Michael Harvey sold 21,422 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 681,910 shares in the company, valued at approximately $6,137,190. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,512,762 shares of company stock worth $85,940,959. 60.53% of the stock is owned by corporate insiders.

Sprinklr Stock Up 2.7%

Shares of NYSE:CXM traded up $0.24 on Thursday, hitting $9.02. 2,486,490 shares of the company traded hands, compared to its average volume of 2,057,042. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.93. The stock has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.39. The company has a market cap of $2.33 billion, a PE ratio of 21.99, a PEG ratio of 1.93 and a beta of 0.80.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. DA Davidson raised their price target on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report 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 report on Thursday, June 5th. Rosenblatt Securities restated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. JMP Securities restated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a report on Friday, June 27th. Finally, Cantor Fitzgerald assumed coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Sprinklr has an average rating of "Hold" and a consensus target price of $10.25.

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.