Jefferies Financial Group Inc. Acquires 2,851,106 Shares of Sprinklr, Inc. (NYSE:CXM)

Jefferies Financial Group Inc. raised its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 96.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,807,400 shares of the company's stock after acquiring an additional 2,851,106 shares during the period. Sprinklr comprises about 0.3% of Jefferies Financial Group Inc.'s investment portfolio, making the stock its 27th largest holding. Jefferies Financial Group Inc. owned about 2.28% of Sprinklr worth $49,073,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CXM. PNC Financial Services Group Inc. raised 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 worth $33,000 after buying an additional 1,928 shares during the period. Ancora Advisors LLC bought a new stake in Sprinklr in the 4th quarter valued at $34,000. FNY Investment Advisers LLC acquired a new position in Sprinklr in the 4th quarter worth $42,000. SG Americas Securities LLC bought a new position in Sprinklr during the 4th quarter worth about $89,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr in the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Scotiabank increased their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. DA Davidson decreased their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Morgan Stanley reduced their target price 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. Finally, Rosenblatt Securities boosted their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Down 0.2 %

Shares of NYSE CXM opened at $8.01 on Friday. The business's 50 day moving average price is $7.99 and its two-hundred day moving average price is $8.33. The company has a market cap of $2.05 billion, a PE ratio of 50.07, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.69.

Insider Buying and Selling

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction 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 transaction, the director now directly 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 document filed with the SEC, which is available through this hyperlink. 30.12% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding CXM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprinklr, Inc. (NYSE:CXM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.