BNP Paribas Financial Markets Acquires Shares of 50,207 Sprinklr, Inc. (NYSE:CXM)

BNP Paribas Financial Markets acquired a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,207 shares of the company's stock, valued at approximately $424,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CXM. Norges Bank bought a new position in Sprinklr in the 4th quarter valued at $16,477,000. Federated Hermes Inc. boosted its holdings in Sprinklr by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 1,728,384 shares of the company's stock valued at $14,605,000 after purchasing an additional 27,694 shares during the period. Bank of New York Mellon Corp boosted its holdings in Sprinklr by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock valued at $12,627,000 after purchasing an additional 11,513 shares during the period. Northern Trust Corp boosted its holdings in Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock valued at $10,416,000 after purchasing an additional 38,895 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sprinklr by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock valued at $8,917,000 after purchasing an additional 18,021 shares during the period. 40.19% of the stock is owned by institutional investors.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction dated 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 approximately $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 60.53% of the company's stock.

Analysts Set New Price Targets

CXM has been the subject of several analyst reports. 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. William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Scotiabank lifted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Performance

NYSE:CXM traded up $0.12 during trading hours on Wednesday, reaching $8.43. The company's stock had a trading volume of 1,006,517 shares, compared to its average volume of 2,001,939. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 2.31 and a beta of 0.77. The firm has a 50-day simple moving average of $7.89 and a 200-day simple moving average of $8.40. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.05.

Sprinklr Company 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.