JPMorgan Chase & Co. Sells 219,582 Shares of Sprinklr, Inc. (NYSE:CXM)

JPMorgan Chase & Co. decreased its position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 409,079 shares of the company's stock after selling 219,582 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of Sprinklr worth $3,457,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CXM. Barclays PLC lifted its position in Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after acquiring an additional 179,661 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after buying an additional 295,638 shares in the last quarter. 272 Capital LP lifted its stake in Sprinklr by 26.5% in the 3rd quarter. 272 Capital LP now owns 309,248 shares of the company's stock valued at $2,390,000 after acquiring an additional 64,748 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Sprinklr during the 4th quarter worth approximately $42,000. Finally, SG Americas Securities LLC bought a new position in shares of Sprinklr during the 4th quarter worth approximately $89,000. Institutional investors own 40.19% of the company's stock.

Sprinklr Price Performance

Shares of NYSE:CXM traded up $0.14 on Friday, hitting $7.66. The company's stock had a trading volume of 806,163 shares, compared to its average volume of 2,042,367. The company has a market capitalization of $1.96 billion, a PE ratio of 47.85, a PEG ratio of 2.31 and a beta of 0.77. The company has a 50-day simple moving average of $8.17 and a 200 day simple moving average of $8.28. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company'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 completion of the sale, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 30.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of analyst reports. Rosenblatt Securities raised their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. DA Davidson dropped their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company cut their price objective on Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Finally, Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. 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 company's stock. According to MarketBeat.com, Sprinklr currently has a consensus rating of "Hold" and a consensus 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.