Invesco Ltd. Sells 68,436 Shares of Sprinklr, Inc. (NYSE:CXM)

Invesco Ltd. reduced its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 13.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 454,375 shares of the company's stock after selling 68,436 shares during the period. Invesco Ltd. owned about 0.18% of Sprinklr worth $3,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Sprinklr during the fourth quarter worth approximately $16,477,000. JPMorgan Chase & Co. lifted its holdings in Sprinklr by 224.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock worth $4,860,000 after buying an additional 434,920 shares in the last quarter. Geode Capital Management LLC boosted its position in Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock valued at $21,560,000 after buying an additional 295,638 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Sprinklr in the 4th quarter valued at $1,686,000. Finally, Barclays PLC raised its position in shares of 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 acquiring an additional 179,661 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank lifted their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. 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, April 22nd. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Rosenblatt Securities upped their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. Finally, DA Davidson reduced their price target on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Sprinklr presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Insider Buying and Selling

In other news, Director Neeraj Agrawal sold 26,053 shares of the company'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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.12% of the stock is owned by company insiders.

Sprinklr Price Performance

NYSE CXM opened at $7.66 on Monday. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.86. The firm has a market cap of $1.96 billion, a P/E ratio of 47.85, a P/E/G ratio of 2.31 and a beta of 0.77. The stock's 50-day moving average is $8.17 and its 200-day moving average is $8.30.

Sprinklr Company 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.

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