Zurcher Kantonalbank Zurich Cantonalbank Has $314,000 Stock Position in Sprinklr, Inc. (NYSE:CXM)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Sprinklr, Inc. (NYSE:CXM) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,061 shares of the company’s stock after purchasing an additional 4,710 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sprinklr were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Formidable Asset Management LLC lifted its stake in Sprinklr by 5.3% in the 3rd quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock valued at $248,000 after purchasing an additional 900 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Sprinklr by 13.6% in the 3rd quarter. Amalgamated Bank now owns 14,987 shares of the company’s stock valued at $207,000 after acquiring an additional 1,791 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of Sprinklr during the 3rd quarter valued at $27,000. Arizona State Retirement System increased its holdings in Sprinklr by 7.3% in the 4th quarter. Arizona State Retirement System now owns 30,582 shares of the company’s stock worth $368,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in Sprinklr by 2.3% in the 3rd quarter. Trexquant Investment LP now owns 93,793 shares of the company’s stock worth $1,298,000 after purchasing an additional 2,147 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Insiders Place Their Bets

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of Sprinklr stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sprinklr news, CFO Manish Sarin sold 49,234 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 $641,519.02. Following the transaction, the chief financial officer now owns 595,712 shares in the company, valued at $7,762,127.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 495,273 shares of company stock worth $6,083,127. 40.29% of the stock is currently owned by company insiders.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $11.93 on Monday. The stock’s 50-day moving average is $12.48 and its 200 day moving average is $12.90. Sprinklr, Inc. has a one year low of $10.93 and a one year high of $17.14. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 66.28, a PEG ratio of 2.29 and a beta of 0.87.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $194.21 million for the quarter, compared to analysts’ expectations of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. On average, sell-side analysts expect that Sprinklr, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXM has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Sprinklr in a report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $16.00 price target on shares of Sprinklr in a report on Thursday, March 28th. KeyCorp started coverage on Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprinklr currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.90.

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.