Quantessence Capital LLC Takes Position in Sprinklr, Inc. (NYSE:CXM)

Quantessence Capital LLC bought a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,023 shares of the company's stock, valued at approximately $304,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Sprinklr during the 4th quarter valued at $16,477,000. JPMorgan Chase & Co. increased its stake in Sprinklr by 224.5% in 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. CenterBook Partners LP bought a new stake in Sprinklr during the fourth quarter valued at about $2,680,000. Geode Capital Management LLC lifted its position in shares of Sprinklr by 11.9% in 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 in the last quarter. Finally, S Squared Technology LLC purchased a new position in shares of Sprinklr in the fourth quarter valued at about $2,112,000. Institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday. JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Rosenblatt Securities raised their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Finally, DA Davidson decreased their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.00.

Sprinklr Trading Up 2.0 %

Shares of NYSE CXM opened at $7.02 on Wednesday. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $12.86. The firm's 50-day moving average price is $8.27 and its 200-day moving average price is $8.28. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.31 and a beta of 0.77.

Insider Activity

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the sale, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. This represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 30.12% of the company's stock.

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.

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