Sprinklr, Inc. (NYSE:CXM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 41.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,070 shares of the company’s stock after purchasing an additional 25,552 shares during the quarter. Victory Capital Management Inc.’s holdings in Sprinklr were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CXM. GSA Capital Partners LLP acquired a new position in shares of Sprinklr during the 3rd quarter worth $129,000. Quest Partners LLC grew its stake in shares of Sprinklr by 103.5% during the 3rd quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock worth $344,000 after purchasing an additional 22,601 shares during the period. Intech Investment Management LLC acquired a new position in shares of Sprinklr during the 3rd quarter worth $231,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sprinklr by 10.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock worth $8,018,000 after purchasing an additional 97,066 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Trading Down 2.4 %

NYSE:CXM opened at $8.63 on Friday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The company’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.27. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32.

Analyst Upgrades and Downgrades

Several research firms recently commented on CXM. Stifel Nicolaus boosted their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Rosenblatt Securities boosted their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, March 13th. Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 13th. Barclays boosted their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and a consensus target price of $10.38.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 30.12% of the stock is owned by insiders.

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.