199,564 Shares in Sprinklr, Inc. (NYSE:CXM) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 199,564 shares of the company's stock, valued at approximately $1,686,000. ExodusPoint Capital Management LP owned about 0.08% of Sprinklr at the end of the most recent quarter.

Several other large investors have also modified their holdings of CXM. Charles Schwab Investment Management Inc. lifted its stake in shares of Sprinklr by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company's stock valued at $8,018,000 after buying an additional 97,066 shares during the period. FMR LLC lifted its holdings in shares of 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 acquiring an additional 55,022 shares during the period. Janus Henderson Group PLC grew its position in Sprinklr by 80.4% during the 3rd quarter. Janus Henderson Group PLC now owns 70,515 shares of the company's stock worth $545,000 after acquiring an additional 31,437 shares during the last quarter. State Street Corp grew its holdings in shares of Sprinklr by 7.2% during the third 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 last quarter. Finally, Barclays PLC raised its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after buying an additional 179,661 shares during the last quarter. 40.19% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Morgan Stanley lifted their target price on Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Scotiabank raised their price target on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Rosenblatt Securities boosted their price objective on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.38.

Sprinklr Stock Performance

Sprinklr stock remained flat at $7.26 during trading hours on Monday. 221,607 shares of the company's stock traded hands, compared to its average volume of 2,031,617. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 2.31 and a beta of 0.77. The business's 50 day moving average is $8.53 and its 200-day moving average is $8.31. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $12.86.

Insider Buying and Selling at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares of the company's stock, valued at $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 30.12% of the company's stock.

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.