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

Voya Investment Management LLC grew its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 69.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,993 shares of the company's stock after purchasing an additional 222,860 shares during the quarter. Voya Investment Management LLC owned approximately 0.21% of Sprinklr worth $4,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after buying an additional 1,928 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sprinklr during the fourth quarter worth about $42,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr in the 4th quarter worth about $89,000. Cibc World Markets Corp bought a new stake in Sprinklr in the 4th quarter valued at about $92,000. Finally, EPIQ Capital Group LLC boosted its stake in Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after purchasing an additional 2,664 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities lifted their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. DA Davidson cut their price objective on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.00.

Insider Activity

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. The trade was a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 30.12% of the company's stock.

Sprinklr Price Performance

CXM stock opened at $7.74 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of 48.35, a P/E/G ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $12.86. The firm has a 50 day simple moving average of $8.07 and a 200 day simple moving average of $8.30.

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.

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