Aquatic Capital Management LLC Acquires 59,737 Shares of Sprinklr, Inc. (NYSE:CXM)

Aquatic Capital Management LLC raised its stake in Sprinklr, Inc. (NYSE:CXM - Free Report) by 55.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,337 shares of the company's stock after acquiring an additional 59,737 shares during the period. Aquatic Capital Management LLC owned approximately 0.07% of Sprinklr worth $1,414,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at $42,000. SG Americas Securities LLC bought a new position in shares of Sprinklr in the 4th quarter valued at $89,000. Cibc World Markets Corp bought a new stake in shares of Sprinklr during the 4th quarter worth $92,000. Finally, EPIQ Capital Group LLC lifted its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after buying an additional 2,664 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction 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 transaction, the director now owns 968,306 shares in the company, valued at $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.12% of the stock is currently owned by corporate insiders.

Sprinklr Trading Up 0.5 %

NYSE:CXM traded up $0.04 on Friday, reaching $7.75. 721,062 shares of the stock traded hands, compared to its average volume of 2,036,704. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $12.86. The company's 50 day moving average is $8.05 and its 200-day moving average is $8.30. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Wall Street Analyst Weigh In

CXM has been the subject of a number of research reports. DA Davidson dropped their target price 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. JMP Securities reissued a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Morgan Stanley dropped their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Scotiabank increased their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Two 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 stock presently has a consensus rating of "Hold" and a consensus 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.