Sprinklr, Inc. (NYSE:CXM) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 69.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 544,993 shares of the company's stock after acquiring an additional 222,860 shares during the quarter. Voya Investment Management LLC owned about 0.21% of Sprinklr worth $4,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CXM. PNC Financial Services Group Inc. boosted 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 worth $33,000 after purchasing an additional 1,928 shares during the period. FNY Investment Advisers LLC bought a new stake in Sprinklr in the fourth quarter worth $42,000. SG Americas Securities LLC bought a new position in Sprinklr during the fourth quarter valued at $89,000. Cibc World Markets Corp purchased a new stake in shares of Sprinklr in the fourth quarter valued at $92,000. Finally, EPIQ Capital Group LLC lifted its holdings in shares of Sprinklr by 26.2% in the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after acquiring an additional 2,664 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction dated Friday, March 14th. The stock was 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 in the company, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 30.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CXM. Morgan Stanley decreased their price objective on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Scotiabank lifted their target price on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Rosenblatt Securities boosted their price target on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. Finally, Wells Fargo & Company cut their target price on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.00.

Sprinklr Trading Up 0.2 %

Shares of CXM stock traded up $0.02 during mid-day trading on Wednesday, reaching $7.65. The stock had a trading volume of 62,090 shares, compared to its average volume of 2,016,180. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $12.86. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 2.31 and a beta of 0.77. The business's fifty day moving average is $8.02 and its 200-day moving average is $8.32.

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.