Sprinklr, Inc. (NYSE:CXM) Shares Bought by 272 Capital LP

272 Capital LP grew its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 26.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,248 shares of the company’s stock after acquiring an additional 64,748 shares during the quarter. 272 Capital LP’s holdings in Sprinklr were worth $2,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC increased its stake in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. CIBC Asset Management Inc increased its position in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Sprinklr during the 3rd quarter worth approximately $105,000. GSA Capital Partners LLP acquired a new stake in Sprinklr during the 3rd quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Sprinklr during the 3rd quarter worth approximately $142,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Insider Activity

In other news, CFO Manish Sarin sold 22,738 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the transaction, the chief financial officer now directly owns 748,918 shares in the company, valued at approximately $5,864,027.94. This represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ragy Thomas sold 12,902 shares of the 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 transaction, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,596 shares of company stock worth $536,275. 30.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on CXM. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. KeyCorp dropped their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Barclays increased their target price 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. Citigroup dropped their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.13.

Sprinklr Trading Down 0.3 %

Sprinklr stock opened at $9.24 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of 57.97, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81. The stock has a 50 day moving average of $7.81 and a 200-day moving average of $8.60. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $14.31.

About Sprinklr

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.