Sprinklr, Inc. (NYSE:CXM) Shares Sold by Solel Partners LP

Solel Partners LP decreased its stake in Sprinklr, Inc. (NYSE:CXM - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,846,481 shares of the company's stock after selling 1,539,631 shares during the period. Sprinklr makes up 3.1% of Solel Partners LP's investment portfolio, making the stock its 12th largest holding. Solel Partners LP owned 0.73% of Sprinklr worth $15,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Sprinklr during the 4th quarter valued at approximately $16,477,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the 4th quarter valued at approximately $3,786,000. JPMorgan Chase & Co. raised its holdings in 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 during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Sprinklr during the fourth quarter worth $3,422,000. Finally, CenterBook Partners LP acquired a new stake in Sprinklr in the fourth quarter valued at $2,680,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 30.12% of the stock is owned by insiders.

Sprinklr Trading Up 0.6 %

Shares of NYSE:CXM opened at $7.74 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 2.31 and a beta of 0.77. The stock's 50-day moving average price is $8.07 and its two-hundred day moving average price is $8.30. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $12.86.

Analysts Set New Price Targets

Several research firms have recently issued reports on CXM. Rosenblatt Securities lifted their price target on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. DA Davidson dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Scotiabank lifted their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Finally, William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.