Sprinklr, Inc. (NYSE:CXM) Stake Raised by Fmr LLC

FMR LLC grew its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 152.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,029 shares of the company's stock after purchasing an additional 55,022 shares during the quarter. FMR LLC's holdings in Sprinklr were worth $704,000 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 Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company's stock worth $35,000 after buying an additional 1,904 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Sprinklr in the third quarter worth about $105,000. CIBC Asset Management Inc grew its stake in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company's stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Sprinklr during the 3rd quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $142,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Sprinklr Stock Performance

Shares of CXM traded down $0.20 during mid-day trading on Wednesday, reaching $9.10. 2,947,003 shares of the company's stock traded hands, compared to its average volume of 2,343,370. The business's 50-day moving average price is $7.98 and its 200-day moving average price is $8.51. The stock has a market capitalization of $2.31 billion, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.31.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Sprinklr from $8.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. KeyCorp reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities reissued a "buy" rating and issued a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. Finally, Scotiabank increased their target price on Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr has an average rating of "Hold" and a consensus target price of $10.13.

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.