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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 250,633 shares of the company's stock after purchasing an additional 41,919 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Sprinklr worth $2,118,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Jefferies Financial Group Inc. boosted its position in shares of 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 buying an additional 2,851,106 shares during the last quarter. Norges Bank bought a new stake in shares of Sprinklr in the fourth quarter valued at $16,477,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Sprinklr in the fourth quarter valued at $3,786,000. Tudor Investment Corp ET AL bought a new stake in shares of Sprinklr in the fourth quarter valued at $3,422,000. Finally, Nuveen Asset Management LLC raised its stake in shares of Sprinklr by 139.6% in 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 period. 40.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Cantor Fitzgerald initiated coverage on Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective on the stock. Wells Fargo & Company boosted 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. Morgan Stanley boosted their price objective on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Finally, Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research note on Thursday, March 13th. Two 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.com, Sprinklr has a consensus rating of "Hold" and a consensus target price of $10.25.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 285,439 shares of Sprinklr stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the sale, the insider now directly owns 229,360 shares in the company, valued at $1,990,844.80. The trade was a 55.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,008 shares of company stock valued at $3,457,695. Corporate insiders own 60.53% of the company's stock.

Sprinklr Price Performance

NYSE CXM traded up $0.11 during trading on Tuesday, reaching $8.81. The company's stock had a trading volume of 2,451,302 shares, compared to its average volume of 1,976,520. The stock has a market capitalization of $2.25 billion, a PE ratio of 55.03, a P/E/G ratio of 2.31 and a beta of 0.81. The firm has a fifty day moving average of $7.89 and a 200 day moving average of $8.45. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $10.27.

Sprinklr (NYSE:CXM - Get Free Report) last announced 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 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 7.84% and a net margin of 5.59%. Sprinklr's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS. Research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

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.