UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Sprinklr, Inc. (NYSE:CXM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250,633 shares of the company's stock after purchasing an additional 41,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Sprinklr worth $2,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Sprinklr by 34.2% during the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock valued at $7,465,000 after purchasing an additional 224,886 shares in the last quarter. Ceera Investments LLC boosted its stake in shares of Sprinklr by 61.4% during the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock valued at $1,539,000 after purchasing an additional 69,290 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Sprinklr by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock valued at $10,416,000 after purchasing an additional 38,895 shares in the last quarter. Barclays PLC boosted its stake in shares of Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after purchasing an additional 179,661 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Sprinklr during the fourth quarter valued at approximately $424,000. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Trading Down 0.8%

Shares of NYSE CXM traded down $0.07 during midday trading on Monday, reaching $8.69. The company had a trading volume of 2,130,889 shares, compared to its average volume of 1,982,575. The business's 50-day simple moving average is $7.87 and its 200 day simple moving average is $8.44. The stock has a market cap of $2.22 billion, a P/E ratio of 54.32, a P/E/G ratio of 2.31 and a beta of 0.81. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $205.50 million during the quarter, compared to analysts' expectations of $201.83 million. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares of the company's stock, valued at $8,985,879.68. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 60.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CXM. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price for the company. Wells Fargo & Company increased their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday. Rosenblatt Securities reissued a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday. Finally, Morgan Stanley increased their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprinklr presently has an average rating of "Hold" and an average 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.