Solel Partners LP Sells 1,539,631 Shares of Sprinklr, Inc. (NYSE:CXM)

Solel Partners LP decreased its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,846,481 shares of the company's stock after selling 1,539,631 shares during the quarter. Sprinklr accounts for approximately 3.1% of Solel Partners LP's holdings, making the stock its 12th biggest position. Solel Partners LP owned approximately 0.73% of Sprinklr worth $15,603,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock valued at $1,878,000 after buying an additional 179,661 shares during the period. JPMorgan Chase & Co. boosted its position in Sprinklr by 224.5% in 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. FNY Investment Advisers LLC bought a new stake in shares of Sprinklr during the 4th quarter valued at about $42,000. SG Americas Securities LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $89,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Sprinklr in the 4th quarter worth approximately $989,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now directly owns 968,306 shares of the company's stock, valued at $8,985,879.68. This represents 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 owned by corporate insiders.

Sprinklr Stock Up 0.6 %

CXM traded up $0.05 during trading on Wednesday, reaching $7.68. The company had a trading volume of 123,927 shares, compared to its average volume of 2,016,413. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $12.86. The stock has a market cap of $1.96 billion, a P/E ratio of 47.97, a PEG ratio of 2.31 and a beta of 0.77. The business has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $8.32.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of research reports. Morgan Stanley reduced 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 reiterated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Rosenblatt Securities boosted their price target on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. DA Davidson decreased their price objective on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" 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 given a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of "Hold" and a consensus price target of $10.00.

Sprinklr 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.