Sprinklr, Inc. (NYSE:CXM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 96.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,546 shares of the company's stock after selling 957,929 shares during the period. Cerity Partners LLC's holdings in Sprinklr were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after acquiring an additional 1,928 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $42,000. SG Americas Securities LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $89,000. Cibc World Markets Corp purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $92,000. Finally, EPIQ Capital Group LLC increased its holdings in shares of Sprinklr by 26.2% during the 4th 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 in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction dated 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 owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. The trade was a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 30.12% of the company's stock.

Sprinklr Stock Performance

Shares of CXM stock traded up $0.03 on Tuesday, hitting $7.71. 61,232 shares of the stock traded hands, compared to its average volume of 1,729,275. The firm's 50-day moving average price is $8.14 and its two-hundred day moving average price is $8.30. The stock has a market capitalization of $1.97 billion, a PE ratio of 48.16, a PEG ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.86.

Analyst Ratings Changes

CXM has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. DA Davidson cut their target price on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Rosenblatt Securities boosted 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. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr has an average rating of "Hold" and a consensus price target of $10.00.

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.