Sprinklr, Inc. (NYSE:CXM) Stock Holdings Lessened by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in Sprinklr, Inc. (NYSE:CXM) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 103,029 shares of the company’s stock after selling 10,036 shares during the quarter. California State Teachers Retirement System’s holdings in Sprinklr were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CXM. PNC Financial Services Group Inc. lifted its position in shares of Sprinklr by 100.0% in the fourth 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 in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $34,000. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $89,000. Cibc World Markets Corp purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $92,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $105,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Trading Up 1.2%

Shares of Sprinklr stock opened at $8.81 on Wednesday. The firm has a fifty day simple moving average of $7.89 and a 200-day simple moving average of $8.45. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $10.27. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The business had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $201.83 million. During the same period in the previous year, the company earned $0.09 earnings per share. Sprinklr’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the sale, the director now directly owns 968,306 shares in the company, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Roger H. Lee sold 285,439 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the completion of the sale, the insider now owns 229,360 shares of the company’s stock, valued at $1,990,844.80. The trade was a 55.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 397,008 shares of company stock worth $3,457,695. 60.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CXM shares. Cantor Fitzgerald started coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 price target for the company. Wells Fargo & Company increased their price target on shares of Sprinklr from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Scotiabank raised their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, March 13th. Finally, Morgan Stanley raised their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.25.

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.