Trexquant Investment LP Makes New Investment in Sprinklr, Inc. (NYSE:CXM)

Trexquant Investment LP bought a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 67,020 shares of the company's stock, valued at approximately $566,000.

A number of other hedge funds have also added to or reduced their stakes in CXM. PNC Financial Services Group Inc. boosted its position in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the period. FNY Investment Advisers LLC bought a new position in Sprinklr in the 4th quarter valued at $42,000. SG Americas Securities LLC bought a new position in Sprinklr in the 4th quarter valued at $89,000. Cibc World Markets Corp purchased a new position in shares of Sprinklr during the 4th quarter valued at $92,000. Finally, EPIQ Capital Group LLC increased its holdings in shares of Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after purchasing an additional 2,664 shares during the period. Hedge funds and other institutional investors own 40.19% of the company's stock.

Insider Buying and Selling

In other news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 30.12% of the stock is owned by corporate insiders.

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Sprinklr Stock Up 0.2 %

Shares of CXM traded up $0.02 during trading hours on Tuesday, hitting $7.20. The company had a trading volume of 2,084,576 shares, compared to its average volume of 2,040,041. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $12.86. The stock's 50 day moving average price is $8.47 and its 200 day moving average price is $8.30. The firm has a market cap of $1.84 billion, a P/E ratio of 44.97, a P/E/G ratio of 2.31 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CXM. JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Rosenblatt Securities upped their price objective 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. Scotiabank lifted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Morgan Stanley increased their price target on shares of Sprinklr from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Thursday, March 13th. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.25.

About Sprinklr

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.