Stanley Laman Group Ltd. Lowers Stock Position in Sprinklr, Inc. (NYSE:CXM)

Stanley Laman Group Ltd. lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,147 shares of the company's stock after selling 162,431 shares during the quarter. Stanley Laman Group Ltd. owned about 0.24% of Sprinklr worth $5,173,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CXM. FNY Investment Advisers LLC acquired a new position in Sprinklr during the 4th quarter worth approximately $42,000. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at approximately $89,000. Everence Capital Management Inc. purchased a new position in Sprinklr in the third quarter worth $105,000. GSA Capital Partners LLP purchased a new stake in shares of Sprinklr during the 3rd quarter worth $129,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Sprinklr in the 3rd quarter valued at about $142,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CXM. Scotiabank upped their target price on shares of Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $10.50 price objective on shares of Sprinklr in a report on Friday, February 7th. William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price target on Sprinklr from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.13.

Sprinklr Stock Down 2.3 %

Shares of NYSE:CXM traded down $0.22 during trading on Monday, reaching $8.97. The stock had a trading volume of 761,218 shares, compared to its average volume of 1,194,644. The stock has a market cap of $2.28 billion, a P/E ratio of 56.03, a PEG ratio of 2.35 and a beta of 0.79. The business has a fifty day moving average price of $8.84 and a 200-day moving average price of $8.31. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31.

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.