Trexquant Investment LP Purchases New Stake in Sprinklr, Inc. (NYSE:CXM)

Trexquant Investment LP acquired a new position in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,020 shares of the company's stock, valued at approximately $566,000.

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

Analyst Upgrades and Downgrades

Several analysts have commented on CXM shares. William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Morgan Stanley cut their price target on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research note on Thursday, March 13th. Rosenblatt Securities increased their target price on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.00.

Sprinklr Stock Down 0.5 %

Shares of NYSE CXM traded down $0.04 during trading on Friday, reaching $7.11. 1,177,021 shares of the stock were exchanged, compared to its average volume of 2,036,164. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The business's 50-day moving average price is $8.40 and its 200 day moving average price is $8.28. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $12.86.

Insider Buying and Selling

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the sale, the director now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.12% of the stock is currently owned by insiders.

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.