Letko Brosseau & Associates Inc. Sells 543,175 Shares of Sprinklr, Inc. (NYSE:CXM)

Letko Brosseau & Associates Inc. lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,731,600 shares of the company's stock after selling 543,175 shares during the period. Letko Brosseau & Associates Inc. owned 0.68% of Sprinklr worth $14,632,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jefferies Financial Group Inc. raised its stake in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after acquiring an additional 2,851,106 shares during the period. Norges Bank acquired a new stake in Sprinklr in the 4th quarter valued at $16,477,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the fourth quarter valued at about $3,786,000. JPMorgan Chase & Co. raised its position in Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after purchasing an additional 434,920 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Sprinklr during the fourth quarter worth about $3,422,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Stock Up 0.1%

Shares of Sprinklr stock traded up $0.01 on Thursday, hitting $8.48. The stock had a trading volume of 996,747 shares, compared to its average volume of 2,016,264. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The business's 50 day moving average is $7.99 and its two-hundred day moving average is $8.35. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.69.

Insiders Place Their Bets

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction dated Friday, March 14th. The stock was 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 approximately $8,985,879.68. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 60.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CXM. DA Davidson dropped their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Scotiabank boosted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. Morgan Stanley reduced their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Finally, Rosenblatt Securities upped their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. Two 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. Based on data from MarketBeat, Sprinklr has a consensus rating of "Hold" and an average price target of $10.00.

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.