Cornercap Investment Counsel Inc. Acquires Shares of 29,990 Sprinklr, Inc. (NYSE:CXM)

Cornercap Investment Counsel Inc. bought a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 29,990 shares of the company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CXM. Victory Capital Management Inc. grew its holdings in Sprinklr by 17.0% during the 3rd quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock worth $476,000 after acquiring an additional 8,928 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Sprinklr in the 3rd quarter worth approximately $231,000. Charles Schwab Investment Management Inc. lifted its stake in Sprinklr by 10.3% during the third 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 last quarter. Quantbot Technologies LP boosted its holdings in Sprinklr by 63.6% in the third quarter. Quantbot Technologies LP now owns 132,285 shares of the company’s stock worth $1,023,000 after purchasing an additional 51,440 shares during the period. Finally, FMR LLC increased its stake in Sprinklr by 152.8% during the third quarter. FMR LLC now owns 91,029 shares of the company’s stock valued at $704,000 after purchasing an additional 55,022 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays raised their price target 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. Scotiabank raised their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, March 13th. 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. Morgan Stanley raised their price target on Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, William Blair downgraded Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and an average price target of $10.38.

Sprinklr Stock Down 3.8 %

Shares of NYSE CXM opened at $8.43 on Friday. The stock has a market cap of $2.14 billion, a P/E ratio of 52.66, a P/E/G ratio of 2.31 and a beta of 0.80. The firm’s 50-day simple moving average is $8.81 and its 200 day simple moving average is $8.31. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $12.86.

Insider Buying and Selling at Sprinklr

In other 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 value of $241,771.84. Following the completion of the transaction, the director now directly owns 968,306 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 30.12% of the stock is owned by corporate insiders.

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.