Occudo Quantitative Strategies LP Reduces Stock Position in Sprinklr, Inc. (NYSE:CXM)

Occudo Quantitative Strategies LP decreased its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,174 shares of the company's stock after selling 114,340 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Sprinklr were worth $652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Sprinklr by 30.3% during the fourth quarter. Millennium Management LLC now owns 555,752 shares of the company's stock worth $4,696,000 after purchasing an additional 129,256 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Sprinklr in the fourth quarter valued at approximately $1,412,000. Jefferies Financial Group Inc. lifted its holdings in Sprinklr by 96.4% in the fourth 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 last quarter. Deutsche Bank AG grew its position in Sprinklr by 2.7% in the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock worth $23,597,000 after acquiring an additional 73,405 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Sprinklr during the fourth quarter worth $105,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Stock Down 0.5%

NYSE:CXM opened at $8.45 on Thursday. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $12.69. The company has a fifty day simple moving average of $7.99 and a two-hundred day simple moving average of $8.35. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Insider Activity at Sprinklr

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 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. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 30.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. DA Davidson cut their price objective on Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Morgan Stanley decreased their price objective on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Scotiabank lifted their target price 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Sprinklr presently has a consensus rating of "Hold" and an average 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.

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