Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Sprinklr, Inc. (NYSE:CXM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Sprinklr, Inc. (NYSE:CXM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,685 shares of the company’s stock after selling 2,052 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sprinklr were worth $200,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Magnetar Financial LLC acquired a new position in shares of Sprinklr during the 4th quarter worth $224,000. Teacher Retirement System of Texas purchased a new stake in Sprinklr during the fourth quarter worth about $798,000. Cibc World Markets Corp acquired a new position in Sprinklr during the fourth quarter worth about $92,000. Catalyst Funds Management Pty Ltd acquired a new position in Sprinklr during the fourth quarter worth about $152,000. Finally, First Eagle Investment Management LLC purchased a new position in Sprinklr in the fourth quarter valued at about $452,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insider Activity

In other news, Director Neeraj Agrawal sold 26,053 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the sale, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 30.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CXM. Scotiabank boosted 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. Morgan Stanley raised their price target on Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Finally, Barclays increased their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.38.

Sprinklr Trading Down 1.4 %

NYSE:CXM opened at $8.77 on Friday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32. The company’s 50-day moving average is $8.82 and its two-hundred day moving average is $8.30.

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.