Cerity Partners LLC Sells 957,929 Shares of Sprinklr, Inc. (NYSE:CXM)

Cerity Partners LLC reduced its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 96.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,546 shares of the company's stock after selling 957,929 shares during the period. Cerity Partners LLC's holdings in Sprinklr were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after buying an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $42,000. SG Americas Securities LLC bought a new position in Sprinklr in the 4th quarter worth approximately $89,000. Cibc World Markets Corp bought a new position in Sprinklr in the 4th quarter valued at $92,000. Finally, EPIQ Capital Group LLC increased its stake in shares of Sprinklr by 26.2% in the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after buying an additional 2,664 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CXM shares. Morgan Stanley reduced their price objective on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson reduced their price objective 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. Scotiabank increased their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. JMP Securities reissued 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 cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sprinklr currently has an average rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Up 1.8 %

CXM traded up $0.14 during trading on Friday, reaching $7.66. 806,163 shares of the company were exchanged, compared to its average volume of 2,045,271. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 47.85, a P/E/G ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $12.86. The company's 50-day moving average is $8.17 and its two-hundred day moving average is $8.29.

Insider Buying and Selling at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the business's 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 $8,985,879.68. The trade was a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 30.12% of the company's stock.

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.