CenterBook Partners LP Takes $2.68 Million Position in Sprinklr, Inc. (NYSE:CXM)

CenterBook Partners LP bought a new stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 317,196 shares of the company's stock, valued at approximately $2,680,000. CenterBook Partners LP owned 0.12% of Sprinklr at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company's stock worth $37,311,000 after purchasing an additional 322,318 shares during the period. Geode Capital Management LLC lifted its stake in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Norges Bank bought a new position in Sprinklr during the 4th quarter worth about $16,477,000. Federated Hermes Inc. increased its position in Sprinklr by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 1,728,384 shares of the company's stock valued at $14,605,000 after purchasing an additional 27,694 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Sprinklr by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock worth $12,627,000 after purchasing an additional 11,513 shares during the period. Institutional investors own 40.19% of the company's stock.

Sprinklr Stock Performance

Shares of NYSE:CXM traded up $0.05 during midday trading on Tuesday, reaching $7.23. 418,291 shares of the company's stock traded hands, compared to its average volume of 2,033,471. The company has a fifty day simple moving average of $8.50 and a two-hundred day simple moving average of $8.30. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86. The company has a market cap of $1.85 billion, a P/E ratio of 45.19, a PEG ratio of 2.31 and a beta of 0.77.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CXM shares. Rosenblatt Securities boosted 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. William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. DA Davidson cut their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Scotiabank lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.25.

Insiders Place Their Bets

In related news, Director Neeraj Agrawal sold 26,053 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now directly owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.12% of the stock is currently owned by company insiders.

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.