36,023 Shares in Sprinklr, Inc. (NYSE:CXM) Bought by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,023 shares of the company's stock, valued at approximately $304,000.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake 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 acquiring an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Sprinklr in the fourth quarter valued at about $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr in the fourth quarter worth about $89,000. Cibc World Markets Corp purchased a new stake in shares of Sprinklr during the fourth quarter worth about $92,000. Finally, EPIQ Capital Group LLC increased its holdings in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after acquiring an additional 2,664 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CXM shares. Rosenblatt Securities raised their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Morgan Stanley cut their price objective on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. DA Davidson dropped their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company reduced their price target on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Two research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.00.

Insider Buying and Selling at Sprinklr

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. 30.12% of the stock is currently owned by corporate insiders.

Sprinklr Stock Down 0.3 %

NYSE:CXM traded down $0.03 during trading hours on Monday, reaching $7.64. 234,035 shares of the stock were exchanged, compared to its average volume of 1,738,252. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.86. The business has a 50-day moving average of $8.17 and a two-hundred day moving average of $8.30. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 2.31 and a beta of 0.77.

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.