Charles Schwab Investment Management Inc. Raises Position in Sprinklr, Inc. (NYSE:CXM)

Charles Schwab Investment Management Inc. lifted its stake in Sprinklr, Inc. (NYSE:CXM) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,055,292 shares of the company’s stock after acquiring an additional 18,021 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sprinklr were worth $8,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Sprinklr during the third quarter valued at approximately $129,000. Victory Capital Management Inc. lifted its holdings in Sprinklr by 17.0% during the third quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock valued at $476,000 after purchasing an additional 8,928 shares in the last quarter. Quest Partners LLC lifted its holdings in Sprinklr by 103.5% during the third quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock valued at $344,000 after purchasing an additional 22,601 shares in the last quarter. Intech Investment Management LLC purchased a new position in Sprinklr during the third quarter valued at approximately $231,000. Finally, Cerity Partners LLC lifted its holdings in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Stock Down 2.4 %

CXM stock opened at $8.63 on Friday. The firm’s fifty day simple moving average is $8.78 and its two-hundred day simple moving average is $8.27. The stock has a market capitalization 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. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.32.

Insider Transactions at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction dated 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 directly owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 30.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CXM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. Stifel Nicolaus boosted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Finally, DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.38.

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.