Susquehanna Fundamental Investments LLC Purchases New Position in Sprinklr, Inc. (NYSE:CXM)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 448,038 shares of the company's stock, valued at approximately $3,786,000. Susquehanna Fundamental Investments LLC owned approximately 0.18% of Sprinklr as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. Barclays PLC raised its position in 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 purchasing an additional 179,661 shares in the last quarter. 272 Capital LP increased its stake in shares of Sprinklr by 26.5% during the third quarter. 272 Capital LP now owns 309,248 shares of the company's stock valued at $2,390,000 after buying an additional 64,748 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after acquiring an additional 434,920 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Sprinklr in the fourth quarter worth about $42,000. Finally, SG Americas Securities LLC bought a new position in Sprinklr during the 4th quarter worth about $89,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Rosenblatt Securities increased their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Wells Fargo & Company dropped their price objective on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.00.

Insider Activity

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

Sprinklr Price Performance

Sprinklr stock traded up $0.04 during mid-day trading on Friday, reaching $7.75. 721,062 shares of the company traded hands, compared to its average volume of 2,033,051. The firm's fifty day moving average is $8.05 and its two-hundred day moving average is $8.32. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $12.86.

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.