Ceera Investments LLC Raises Stake in Sprinklr, Inc. (NYSE:CXM)

Ceera Investments LLC grew its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 61.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,105 shares of the company's stock after purchasing an additional 69,290 shares during the quarter. Ceera Investments LLC owned approximately 0.07% of Sprinklr worth $1,539,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Sprinklr by 7.2% in the 3rd 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 raised its stake in Sprinklr by 11.9% in the 3rd 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. Bank of New York Mellon Corp raised its stake in Sprinklr by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock valued at $12,627,000 after acquiring an additional 11,513 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Sprinklr by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock valued at $8,917,000 after acquiring an additional 18,021 shares during the period. Finally, Cerity Partners LLC raised its stake in Sprinklr by 33.0% in the 3rd 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. 40.19% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Sprinklr Trading Down 2.3 %

Shares of NYSE CXM traded down $0.22 during midday trading on Thursday, hitting $9.21. 3,846,065 shares of the company's stock were exchanged, compared to its average volume of 1,970,780. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 57.53, a PEG ratio of 2.31 and a beta of 0.80. The business's fifty day moving average price is $8.74 and its two-hundred day moving average price is $8.27.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus boosted 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. DA Davidson lifted their target price on Sprinklr from $8.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, December 5th. Scotiabank lifted their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. Finally, Barclays lifted their target price on Sprinklr from $7.00 to $9.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sprinklr presently has an average rating of "Hold" and a consensus target price of $10.38.

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.