Quantbot Technologies LP Acquires 35,048 Shares of Sprinklr, Inc. (NYSE:CXM)

Quantbot Technologies LP lifted its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,333 shares of the company's stock after acquiring an additional 35,048 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Sprinklr worth $1,414,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CXM. Magnetar Financial LLC purchased a new stake in Sprinklr during the fourth quarter valued at about $224,000. Teacher Retirement System of Texas acquired a new stake in shares of Sprinklr in the 4th quarter valued at $798,000. Cibc World Markets Corp acquired a new position in shares of Sprinklr during the 4th quarter valued at about $92,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Sprinklr in the fourth quarter valued at approximately $152,000. Finally, First Eagle Investment Management LLC acquired a new position in Sprinklr during the 4th quarter worth $452,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was 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 owns 968,306 shares in the company, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 30.12% of the company's stock.

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Wall Street Analysts Forecast Growth

CXM has been the subject of several research reports. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, December 5th. William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. Rosenblatt Securities upped their price target on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Sprinklr presently has a consensus rating of "Hold" and an average price target of $10.38.

Sprinklr Stock Performance

CXM traded down $0.34 during midday trading on Friday, reaching $8.43. The company had a trading volume of 1,054,215 shares, compared to its average volume of 2,075,253. The business has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $8.30. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $12.86. The stock has a market cap of $2.14 billion, a PE ratio of 52.66, a P/E/G ratio of 2.31 and a beta of 0.80.

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.