Geode Capital Management LLC Sells 211,240 Shares of Sprinklr, Inc. (NYSE:CXM)

Geode Capital Management LLC reduced its stake in Sprinklr, Inc. (NYSE:CXM - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,577,310 shares of the company's stock after selling 211,240 shares during the quarter. Geode Capital Management LLC owned 1.01% of Sprinklr worth $21,784,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Sprinklr in the fourth quarter valued at $16,477,000. JPMorgan Chase & Co. raised its stake in Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after acquiring an additional 434,920 shares during the period. State Street Corp lifted its holdings in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company's stock valued at $37,311,000 after purchasing an additional 322,318 shares during the last quarter. Barclays PLC boosted its position in Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after purchasing an additional 179,661 shares during the period. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of Sprinklr in the fourth quarter worth about $1,428,000. Institutional investors own 40.19% of the company's stock.

Sprinklr Trading Up 4.2 %

Shares of CXM traded up $0.30 during midday trading on Thursday, reaching $7.47. The stock had a trading volume of 173,561 shares, compared to its average volume of 2,037,005. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $12.86. The company's 50-day moving average is $8.23 and its 200 day moving average is $8.28.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CXM. DA Davidson reduced their price objective on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Morgan Stanley lowered their target price 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. Scotiabank raised their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Finally, Rosenblatt Securities upped their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.

Insiders Place Their Bets

In other news, Director Neeraj Agrawal sold 26,053 shares of the business's 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 completion of the sale, the director now directly owns 968,306 shares in the company, valued at approximately $8,985,879.68. The trade was a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 30.12% of the stock is owned by insiders.

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.