Hsbc Holdings PLC Grows Stock Holdings in Sprinklr, Inc. (NYSE:CXM)

Hsbc Holdings PLC lifted its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 682.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,469 shares of the company's stock after acquiring an additional 103,319 shares during the quarter. Hsbc Holdings PLC's holdings in Sprinklr were worth $1,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CXM. Norges Bank purchased a new position in shares of Sprinklr during the 4th quarter worth $16,477,000. JPMorgan Chase & Co. lifted its position in shares of Sprinklr by 224.5% during the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock worth $4,860,000 after purchasing an additional 434,920 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Sprinklr during the fourth quarter worth about $2,680,000. S Squared Technology LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at approximately $2,112,000. Finally, Formula Growth Ltd. bought a new stake in shares of Sprinklr in the 4th quarter worth about $1,901,000. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Price Performance

NYSE CXM traded up $0.01 during trading hours on Friday, reaching $8.04. 250,835 shares of the company's stock traded hands, compared to its average volume of 2,011,785. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $12.86. The firm has a market cap of $2.06 billion, a PE ratio of 50.25, a PEG ratio of 2.31 and a beta of 0.77. The firm has a 50-day simple moving average of $8.00 and a 200 day simple moving average of $8.32.

Analyst Ratings Changes

Several research analysts have recently issued reports on CXM shares. Scotiabank increased their price objective 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. Wells Fargo & Company lowered their price target on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. 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. William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, Rosenblatt Securities lifted their price objective on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.00.

Insider Activity

In other news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.12% of the company's stock.

About Sprinklr

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.