Nebula Research & Development LLC Invests $380,000 in Sprinklr, Inc. (NYSE:CXM)

Nebula Research & Development LLC acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 44,993 shares of the company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CXM. PNC Financial Services Group Inc. grew its stake 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 purchasing an additional 1,928 shares during the last quarter. EPIQ Capital Group LLC raised its position in shares of Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after acquiring an additional 2,664 shares during the period. NewEdge Advisors LLC raised its holdings in Sprinklr by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock worth $238,000 after purchasing an additional 2,700 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Sprinklr by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock valued at $482,000 after buying an additional 4,194 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Sprinklr during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Sprinklr Trading Down 0.5 %

Shares of Sprinklr stock traded down $0.04 during trading on Tuesday, reaching $7.69. The company's stock had a trading volume of 71,080 shares, compared to its average volume of 2,020,418. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $12.86. The firm has a market cap of $1.97 billion, a PE ratio of 48.03, a P/E/G ratio of 2.31 and a beta of 0.77. The company has a 50-day moving average price of $8.03 and a two-hundred day moving average price of $8.32.

Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 30.12% of the company's stock.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of recent research reports. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Rosenblatt Securities upped their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Scotiabank raised their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Wells Fargo & Company dropped 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. Finally, DA Davidson reduced their target price 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. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.