Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in Sprinklr, Inc. (NYSE:CXM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,685 shares of the company’s stock after selling 2,052 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sprinklr were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

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

Sprinklr Price Performance

Shares of CXM stock opened at $8.77 on Friday. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $14.32. The company has a 50-day moving average of $8.82 and a two-hundred day moving average of $8.30. The firm has a market cap of $2.23 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CXM. Barclays upped their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a report on Wednesday, December 11th. Rosenblatt Securities boosted their target price on Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Stifel Nicolaus increased their price target on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sprinklr presently has an average rating of “Hold” and a consensus price target of $10.38.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 30.12% of the company’s stock.

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.