Formula Growth Ltd. bought a new stake in Sprinklr, Inc. (NYSE:CXM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 225,000 shares of the company's stock, valued at approximately $1,901,000. Formula Growth Ltd. owned about 0.09% of Sprinklr at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after buying an additional 1,928 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Sprinklr during the 4th quarter worth approximately $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr in the 4th quarter valued at approximately $89,000. Cibc World Markets Corp purchased a new stake in Sprinklr in the fourth quarter valued at approximately $92,000. Finally, EPIQ Capital Group LLC lifted its stake in Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after purchasing an additional 2,664 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company's stock.
Insider Transactions at Sprinklr
In other Sprinklr 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 transaction, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 30.12% of the company's stock.
Sprinklr Trading Up 4.5 %
NYSE:CXM traded up $0.33 during trading hours on Thursday, hitting $7.50. The company's stock had a trading volume of 472,201 shares, compared to its average volume of 1,759,493. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $12.86. The stock has a market capitalization of $1.92 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The stock has a fifty day moving average of $8.23 and a 200-day moving average of $8.28.
Wall Street Analyst Weigh In
CXM has been the topic of several research analyst reports. Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Morgan Stanley cut their price target on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sprinklr presently has an average rating of "Hold" and an average price target of $10.00.
Check Out Our Latest Analysis on Sprinklr
Sprinklr Company Profile
(
Free Report)
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.
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