Sprinklr, Inc. (NYSE:CXM) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its position in Sprinklr, Inc. (NYSE:CXM - Free Report) by 54.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,279 shares of the company's stock after selling 36,689 shares during the period. Lazard Asset Management LLC's holdings in Sprinklr were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Sprinklr by 100.0% in 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 stake in Sprinklr in the fourth quarter valued at $34,000. SG Americas Securities LLC purchased a new stake in Sprinklr in the fourth quarter valued at $89,000. Cibc World Markets Corp purchased a new stake in Sprinklr in the fourth quarter valued at $92,000. Finally, EP Wealth Advisors LLC purchased a new stake in Sprinklr in the fourth quarter valued at $105,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXM has been the topic of several recent research reports. 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 report on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. DA Davidson lowered their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Rosenblatt Securities upped their price target on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. Finally, Morgan Stanley lowered their price target on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has an average rating of "Hold" and a consensus price target of $10.00.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the firm'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 directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 60.53% of the company's stock.

Sprinklr Stock Up 0.5%

Shares of CXM stock traded up $0.05 during mid-day trading on Thursday, hitting $8.47. 186,529 shares of the stock were exchanged, compared to its average volume of 1,587,391. The firm has a fifty day moving average of $7.88 and a 200 day moving average of $8.40. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $12.02. The company has a market cap of $2.17 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

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.