Geode Capital Management LLC Acquires 295,638 Shares of Sprinklr, Inc. (NYSE:CXM)

Geode Capital Management LLC lifted its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,788,550 shares of the company's stock after purchasing an additional 295,638 shares during the period. Geode Capital Management LLC owned 1.10% of Sprinklr worth $21,560,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State Street Corp lifted 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 purchasing an additional 322,318 shares during the last quarter. Solel Partners LP boosted its stake in shares of Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company's stock worth $35,526,000 after acquiring an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. boosted its stake in shares of Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company's stock worth $20,494,000 after acquiring an additional 827,375 shares during the period. Federated Hermes Inc. increased its holdings in shares of Sprinklr by 107,818.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company's stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Sprinklr by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company's stock valued at $8,018,000 after acquiring an additional 97,066 shares during the period. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Stock Down 3.0 %

Shares of CXM traded down $0.26 during trading hours on Friday, hitting $8.53. 1,175,085 shares of the company were exchanged, compared to its average volume of 2,342,686. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 3.02 and a beta of 0.81. The firm's fifty day moving average is $8.21 and its 200 day moving average is $8.46.

Analyst Ratings Changes

Several equities analysts have commented on CXM shares. KeyCorp decreased their price objective on shares of Sprinklr from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Citigroup decreased their price target on shares of Sprinklr from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Barclays raised their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Finally, Morgan Stanley dropped their price target on Sprinklr from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.13.

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.