Horrell Capital Management Inc. Sells 325,000 Shares of Sprinklr, Inc. (NYSE:CXM)

Horrell Capital Management Inc. cut its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 47.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 360,000 shares of the company's stock after selling 325,000 shares during the period. Horrell Capital Management Inc. owned 0.14% of Sprinklr worth $3,042,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CXM. PNC Financial Services Group Inc. lifted its stake in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Sprinklr in the 4th quarter worth $42,000. SG Americas Securities LLC purchased a new stake in Sprinklr during the 4th quarter worth approximately $89,000. Cibc World Markets Corp acquired a new position in shares of Sprinklr in the 4th quarter valued at approximately $92,000. Finally, EPIQ Capital Group LLC boosted its stake in Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after acquiring an additional 2,664 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 30.12% of the company's stock.

Remove Ads

Sprinklr Trading Down 3.6 %

CXM stock traded down $0.32 during midday trading on Friday, hitting $8.45. The stock had a trading volume of 130,147 shares, compared to its average volume of 1,907,823. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $14.32. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 52.78, a P/E/G ratio of 2.31 and a beta of 0.80. The stock has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $8.30.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. 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. William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, Stifel Nicolaus boosted their price target on shares of Sprinklr from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.38.

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.