AlphaQuest LLC Sells 14,205 Shares of Sprinklr, Inc. (NYSE:CXM)

AlphaQuest LLC trimmed its stake in Sprinklr, Inc. (NYSE:CXM) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,236 shares of the company’s stock after selling 14,205 shares during the period. AlphaQuest LLC’s holdings in Sprinklr were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CXM. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after purchasing an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sprinklr during the 4th quarter worth approximately $42,000. SG Americas Securities LLC purchased a new stake in Sprinklr during the fourth quarter valued at approximately $89,000. Abbot Financial Management Inc. acquired a new stake in Sprinklr in the fourth quarter valued at approximately $115,000. Finally, GSA Capital Partners LLP purchased a new position in Sprinklr in the third quarter worth $129,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CXM. Morgan Stanley raised their price objective on Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Scotiabank boosted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, William Blair cut 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, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.38.

Sprinklr Stock Performance

NYSE CXM opened at $9.13 on Friday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 57.03, a PEG ratio of 2.31 and a beta of 0.80. The stock has a 50-day simple moving average of $8.76 and a two-hundred day simple moving average of $8.28. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.32.

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.