Sprinklr, Inc. (NYSE:CXM) Shares Sold by Numerai GP LLC

Numerai GP LLC lowered its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,526 shares of the company's stock after selling 51,215 shares during the quarter. Numerai GP LLC owned 0.09% of Sprinklr worth $1,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Sprinklr by 100.0% in the fourth 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 period. EPIQ Capital Group LLC raised its position in Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after purchasing an additional 2,664 shares during the period. NewEdge Advisors LLC raised its position in Sprinklr by 10.6% in the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after purchasing an additional 2,700 shares during the period. Ancora Advisors LLC purchased a new stake in Sprinklr in the fourth quarter valued at $34,000. Finally, Price T Rowe Associates Inc. MD raised its position in 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 during the period. Hedge funds and other institutional investors own 40.19% of the company's stock.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 60.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of research analyst reports. Scotiabank lifted their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Rosenblatt Securities boosted their price objective on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Finally, DA Davidson cut their price objective on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.00.

Sprinklr Trading Down 0.6%

CXM traded down $0.06 on Friday, hitting $8.43. 1,673,922 shares of the company were exchanged, compared to its average volume of 2,017,893. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.65. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The firm has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $8.37.

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.