Janney Montgomery Scott LLC Takes $989,000 Position in Sprinklr, Inc. (NYSE:CXM)

Janney Montgomery Scott LLC purchased a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 117,053 shares of the company's stock, valued at approximately $989,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Sprinklr by 224.5% during the third 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 increased its stake 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 acquiring an additional 322,318 shares during the period. Geode Capital Management LLC increased its stake in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock valued at $21,560,000 after acquiring an additional 295,638 shares during the period. Cerity Partners LLC increased its stake in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company's stock valued at $7,664,000 after acquiring an additional 246,095 shares during the period. Finally, Verition Fund Management LLC increased its stake in Sprinklr by 742.9% during the third quarter. Verition Fund Management LLC now owns 234,327 shares of the company's stock valued at $1,811,000 after acquiring an additional 206,526 shares during the period. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Price Performance

Shares of CXM traded down $0.19 on Friday, hitting $8.70. The company's stock had a trading volume of 1,427,654 shares, compared to its average volume of 1,194,644. The company has a market capitalization of $2.21 billion, a PE ratio of 54.35, a PEG ratio of 2.35 and a beta of 0.79. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The company has a 50 day moving average price of $8.79 and a 200 day moving average price of $8.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank upped their price objective on Sprinklr from $7.70 to $8.50 and gave the company a "sector perform" rating in a research note on Thursday, December 5th. DA Davidson upped their price objective on Sprinklr from $8.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered Sprinklr from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price objective on Sprinklr from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.13.

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.