405,000 Shares in Sprinklr, Inc. (NYSE:CXM) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 405,000 shares of the company's stock, valued at approximately $3,422,000. Tudor Investment Corp ET AL owned 0.16% of Sprinklr at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CXM. Norges Bank bought a new position in shares of Sprinklr during the 4th quarter worth $16,477,000. Federated Hermes Inc. lifted its holdings in Sprinklr by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 1,728,384 shares of the company's stock valued at $14,605,000 after purchasing an additional 27,694 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Sprinklr by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock worth $12,627,000 after purchasing an additional 11,513 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sprinklr by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock worth $8,917,000 after purchasing an additional 18,021 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 purchasing an additional 434,920 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of recent research reports. DA Davidson reduced 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. Wells Fargo & Company reduced their price target on Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities increased their price objective on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Morgan Stanley reduced their target price on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sprinklr currently has a consensus rating of "Hold" and a consensus price target of $10.00.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The stock was 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 in the company, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.12% of the stock is currently owned by company insiders.

Sprinklr Stock Performance

NYSE:CXM traded down $0.04 during mid-day trading on Monday, reaching $7.73. The stock had a trading volume of 813,461 shares, compared to its average volume of 2,028,172. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.86. The firm has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $8.32. The stock has a market capitalization of $1.98 billion, a P/E ratio of 48.28, a P/E/G ratio of 2.31 and a beta of 0.77.

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.