Aquatic Capital Management LLC Increases Position in Sprinklr, Inc. (NYSE:CXM)

Aquatic Capital Management LLC lifted its position in Sprinklr, Inc. (NYSE:CXM - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,337 shares of the company's stock after buying an additional 59,737 shares during the period. Aquatic Capital Management LLC owned approximately 0.07% of Sprinklr worth $1,414,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in Sprinklr in the fourth quarter worth $989,000. Ceera Investments LLC boosted its position in shares of Sprinklr by 61.4% in the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after purchasing an additional 69,290 shares in the last quarter. Barclays PLC grew its stake in Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after buying an additional 179,661 shares during the last quarter. JPMorgan Chase & Co. increased its position in Sprinklr by 224.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after buying an additional 434,920 shares in the last quarter. Finally, 272 Capital LP raised its stake in Sprinklr by 26.5% in the third quarter. 272 Capital LP now owns 309,248 shares of the company's stock valued at $2,390,000 after buying an additional 64,748 shares during the last quarter. Institutional investors own 40.19% of the company's stock.

Insider Buying and Selling at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr 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 directly owns 968,306 shares of the company's stock, valued at $8,985,879.68. The trade was a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 30.12% of the stock is currently owned by corporate insiders.

Sprinklr Stock Up 0.6 %

Shares of CXM stock traded up $0.04 on Monday, hitting $7.80. The company had a trading volume of 198,980 shares, compared to its average volume of 1,704,451. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.86. The firm has a market cap of $2.00 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The company has a 50-day moving average price of $8.05 and a 200-day moving average price of $8.32.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CXM shares. Morgan Stanley dropped their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank upped their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price objective on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. DA Davidson cut their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, JMP Securities restated a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $10.00.

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.