272 Capital LP Boosts Stake in Sprinklr, Inc. (NYSE:CXM)

272 Capital LP lifted its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,111 shares of the company's stock after purchasing an additional 64,863 shares during the period. Sprinklr accounts for 3.0% of 272 Capital LP's portfolio, making the stock its 10th largest holding. 272 Capital LP owned 0.15% of Sprinklr worth $3,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CXM. PNC Financial Services Group Inc. grew its position in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after acquiring an additional 1,928 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Sprinklr during the fourth quarter worth $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr during the 4th quarter worth about $89,000. Cibc World Markets Corp bought a new position in shares of Sprinklr in the 4th quarter worth about $92,000. Finally, EPIQ Capital Group LLC lifted 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 purchasing an additional 2,664 shares during the period. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Stock Up 1.0 %

Shares of CXM stock traded up $0.08 during trading on Wednesday, hitting $7.71. The company had a trading volume of 153,509 shares, compared to its average volume of 2,016,526. 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 is $8.02 and its two-hundred day moving average is $8.32. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CXM shares. Rosenblatt Securities raised their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Scotiabank lifted their price target 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. JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. DA Davidson reduced their price objective 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. Finally, William Blair downgraded 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.00.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the firm'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 transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 30.12% of the stock is owned by company insiders.

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.