Sprinklr, Inc. (NYSE:CXM) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 96.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,807,400 shares of the company's stock after purchasing an additional 2,851,106 shares during the period. Sprinklr accounts for about 0.3% of Jefferies Financial Group Inc.'s holdings, making the stock its 27th biggest holding. Jefferies Financial Group Inc. owned approximately 2.28% of Sprinklr worth $49,073,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CXM. PNC Financial Services Group Inc. increased its position in shares of Sprinklr by 100.0% during the fourth 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 last quarter. EPIQ Capital Group LLC increased its position in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after acquiring an additional 2,664 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after acquiring an additional 2,700 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Sprinklr during the fourth quarter valued at about $34,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Sprinklr by 7.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock valued at $482,000 after purchasing an additional 4,194 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CXM. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Scotiabank lifted their price objective 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. Morgan Stanley decreased their price target on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.

Sprinklr Stock Performance

NYSE CXM traded down $0.06 during trading hours on Friday, reaching $8.43. The company's stock had a trading volume of 1,673,916 shares, compared to its average volume of 2,014,901. The stock has a market cap of $2.16 billion, a PE ratio of 52.66, a PEG ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $12.69. The company's 50-day moving average is $7.99 and its two-hundred day moving average is $8.36.

Insider Transactions at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business's 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 sale, the director now directly 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 through this hyperlink. Insiders own 60.53% of the company's stock.

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.