Price T Rowe Associates Inc. MD Has $482,000 Stake in Sprinklr, Inc. (NYSE:CXM)

Price T Rowe Associates Inc. MD increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,970 shares of the company’s stock after buying an additional 4,194 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Sprinklr were worth $482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in Sprinklr in the 4th quarter worth $16,477,000. JPMorgan Chase & Co. boosted its stake in Sprinklr by 224.5% during the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after acquiring an additional 434,920 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Sprinklr in the fourth quarter worth approximately $2,680,000. S Squared Technology LLC bought a new position in shares of Sprinklr in the fourth quarter worth approximately $2,112,000. Finally, Formula Growth Ltd. bought a new position in shares of Sprinklr in the fourth quarter worth approximately $1,901,000. 40.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CXM shares. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Scotiabank raised their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, March 13th. Rosenblatt Securities lifted their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Sprinklr Stock Performance

Sprinklr stock opened at $8.48 on Wednesday. The company has a market capitalization of $2.17 billion, a P/E ratio of 53.00, a PEG ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $12.69. The stock has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $8.35.

Insiders Place Their Bets

In related news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.12% of the stock is currently 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.