Sprinklr, Inc. (NYSE:CXM) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,677,600 shares of the company's stock after purchasing an additional 1,399,510 shares during the quarter. Vanguard Group Inc. owned approximately 4.26% of Sprinklr worth $161,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CXM. Bank of New York Mellon Corp raised its position in shares of Sprinklr by 228.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company's stock valued at $14,104,000 after purchasing an additional 708,655 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sprinklr by 36.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company's stock valued at $12,153,000 after purchasing an additional 235,111 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $87,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $8,124,000. Finally, Lisanti Capital Growth LLC acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $2,672,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Insider Activity at Sprinklr

In related news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the sale, the insider now owns 80,952 shares in the company, valued at approximately $970,614.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the transaction, the chief executive officer now directly owns 438,214 shares of the company's stock, valued at approximately $5,709,928.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total value of $124,983.76. Following the completion of the transaction, the insider now directly owns 80,952 shares of the company's stock, valued at $970,614.48. The disclosure for this sale can be found here. Insiders sold a total of 195,682 shares of company stock worth $2,476,123 in the last 90 days. 40.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CXM. Stifel Nicolaus lowered their price objective on Sprinklr from $16.00 to $15.00 and set a "hold" rating for the company in a research note on Thursday, December 7th. Barclays reduced their price target on Sprinklr from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday, December 11th. TheStreet lowered Sprinklr from a "c-" rating to a "d+" rating in a research report on Thursday, December 28th. Cantor Fitzgerald reiterated an "overweight" rating and set a $16.00 price target on shares of Sprinklr in a research report on Thursday, March 28th. Finally, Rosenblatt Securities boosted their price target on Sprinklr from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.90.

Sprinklr Stock Performance

Shares of NYSE CXM traded up $0.04 during mid-day trading on Tuesday, reaching $12.22. 3,304,089 shares of the company traded hands, compared to its average volume of 2,822,963. The stock has a market cap of $3.35 billion, a PE ratio of 67.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company's fifty day moving average is $12.89 and its two-hundred day moving average is $13.28. Sprinklr, Inc. has a fifty-two week low of $10.93 and a fifty-two week high of $17.14.

Sprinklr Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.