S Squared Technology LLC Makes New Investment in Sprinklr, Inc. (NYSE:CXM)

S Squared Technology LLC acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 250,000 shares of the company's stock, valued at approximately $2,112,000. S Squared Technology LLC owned approximately 0.10% of Sprinklr at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Sprinklr by 152.8% during the 3rd quarter. FMR LLC now owns 91,029 shares of the company's stock valued at $704,000 after acquiring an additional 55,022 shares during the last quarter. State Street Corp raised its holdings in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company's stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Barclays PLC boosted its stake in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after purchasing an additional 179,661 shares during the period. Geode Capital Management LLC grew its holdings in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock valued at $21,560,000 after purchasing an additional 295,638 shares in the last quarter. Finally, 272 Capital LP increased its stake in Sprinklr by 26.5% during the 3rd quarter. 272 Capital LP now owns 309,248 shares of the company's stock worth $2,390,000 after buying an additional 64,748 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Up 2.3 %

Shares of CXM traded up $0.16 during mid-day trading on Tuesday, reaching $7.04. The company's stock had a trading volume of 470,079 shares, compared to its average volume of 1,734,292. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86. The business has a fifty day moving average of $8.31 and a 200 day moving average of $8.29.

Insider Activity

In other Sprinklr 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 transaction, 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 Securities & Exchange Commission, which is available through the SEC website. 30.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CXM shares. 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 research report on Thursday, March 13th. DA Davidson lowered their price objective on Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wells Fargo & Company decreased their target price on Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.00.

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.