Jacobs Levy Equity Management Inc. Makes New $1.41 Million Investment in Sprinklr, Inc. (NYSE:CXM)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 167,149 shares of the company's stock, valued at approximately $1,412,000. Jacobs Levy Equity Management Inc. owned approximately 0.07% of Sprinklr at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $989,000. Ceera Investments LLC grew its stake in Sprinklr by 61.4% in the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock valued at $1,539,000 after purchasing an additional 69,290 shares during the period. Barclays PLC grew its position in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after acquiring an additional 179,661 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sprinklr by 224.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock worth $4,860,000 after acquiring an additional 434,920 shares during the period. Finally, Jefferies Financial Group Inc. boosted its holdings in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after buying an additional 2,851,106 shares during the period. 40.19% of the stock is owned by institutional investors.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the transaction, the director now directly owns 968,306 shares in the company, valued at $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 is available through this hyperlink. 60.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson cut their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Rosenblatt Securities increased their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Scotiabank lifted their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Morgan Stanley dropped 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Performance

Shares of CXM stock traded down $0.08 on Tuesday, reaching $8.26. The stock had a trading volume of 1,005,319 shares, compared to its average volume of 2,009,605. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.65. The stock has a market cap of $2.11 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The company has a 50 day simple moving average of $7.98 and a 200 day simple moving average of $8.38.

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.