Legal & General Group Plc Cuts Holdings in Sprinklr, Inc. (NYSE:CXM)

Legal & General Group Plc trimmed its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 310,109 shares of the company's stock after selling 40,400 shares during the period. Legal & General Group Plc owned about 0.12% of Sprinklr worth $2,620,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Sprinklr in the 4th quarter worth about $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr during the 4th quarter worth about $89,000. Cibc World Markets Corp purchased a new position in Sprinklr during the 4th quarter valued at about $92,000. Finally, EPIQ Capital Group LLC increased its holdings in shares of Sprinklr by 26.2% in the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after purchasing an additional 2,664 shares during the period. Hedge funds and other institutional investors own 40.19% of the company's stock.

Sprinklr Trading Up 1.8 %

Shares of NYSE:CXM traded up $0.14 during trading on Friday, reaching $7.66. 806,163 shares of the stock were exchanged, compared to its average volume of 2,045,271. The stock has a 50-day moving average price of $8.17 and a 200-day moving average price of $8.29. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $12.86. The firm has a market cap of $1.96 billion, a PE ratio of 47.85, a PEG ratio of 2.31 and a beta of 0.77.

Insider Transactions at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company'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 sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 30.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CXM. Rosenblatt Securities raised 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. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th. DA Davidson reduced their price objective on Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley dropped their target price on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.00.

About Sprinklr

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.