Sprinklr, Inc. (NYSE:CXM) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,508 shares of the company’s stock after selling 14,985 shares during the period. Texas Permanent School Fund Corp’s holdings in Sprinklr were worth $851,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CXM. Victory Capital Management Inc. boosted its position in shares of Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock worth $167,000 after purchasing an additional 3,322 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sprinklr by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after buying an additional 27,652 shares in the last quarter. D.A. Davidson & CO. acquired a new position in Sprinklr during the fourth quarter worth about $161,000. Quest Partners LLC acquired a new position in Sprinklr during the fourth quarter worth about $115,000. Finally, RK Capital Management LLC increased its holdings in Sprinklr by 29.0% in the fourth quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after buying an additional 115,600 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. Stifel Nicolaus dropped their price target on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Barclays cut their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, DA Davidson reduced their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and an average target price of $10.30.

Insider Buying and Selling

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the completion of the transaction, the insider now directly owns 395,222 shares in the company, valued at approximately $3,636,042.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the sale, the insider now owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 351,937 shares of company stock worth $2,675,185. 30.12% of the stock is owned by insiders.

Sprinklr Price Performance

Shares of NYSE CXM opened at $7.75 on Friday. The company has a 50-day simple moving average of $8.83 and a 200-day simple moving average of $10.54. The company has a market cap of $2.05 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a 12 month low of $7.23 and a 12 month high of $17.14.

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.