Sprinklr, Inc. (NYSE:CXM) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 45.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,557 shares of the company's stock after selling 33,174 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Sprinklr were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the period. Ancora Advisors LLC purchased a new position in Sprinklr during the 4th quarter valued at about $34,000. SG Americas Securities LLC purchased a new position in Sprinklr during the 4th quarter valued at about $89,000. Cibc World Markets Corp acquired a new stake in Sprinklr in the 4th quarter valued at about $92,000. Finally, EP Wealth Advisors LLC acquired a new stake in Sprinklr in the 4th quarter valued at about $105,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities increased their price target on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Finally, DA Davidson reduced their price target on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.00.

Insiders Place Their Bets

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

Sprinklr Price Performance

Shares of NYSE CXM traded down $0.04 during midday trading on Friday, hitting $8.45. 1,352,865 shares of the company's stock were exchanged, compared to its average volume of 2,005,376. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $11.55. The company has a market cap of $2.16 billion, a PE ratio of 52.82, a P/E/G ratio of 2.31 and a beta of 0.77. The firm's fifty day simple moving average is $7.86 and its 200-day simple moving average is $8.40.

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.