Sprinklr, Inc. (NYSE:CXM) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,362 shares of the company’s stock after selling 3,299 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Sprinklr were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cibc World Markets Corp acquired a new stake in shares of Sprinklr during the fourth quarter worth about $92,000. Catalyst Funds Management Pty Ltd purchased a new stake in Sprinklr in the fourth quarter valued at approximately $152,000. First Eagle Investment Management LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $452,000. EPIQ Capital Group LLC grew its position in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock worth $109,000 after acquiring an additional 2,664 shares during the last quarter. Finally, Ceera Investments LLC increased its holdings in shares of Sprinklr by 61.4% in the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after acquiring an additional 69,290 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Up 1.0 %

NYSE:CXM opened at $9.07 on Wednesday. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.32. The firm’s fifty day simple moving average is $8.81 and its 200-day simple moving average is $8.29. The stock has a market cap of $2.31 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CXM shares. Scotiabank raised their price objective 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. William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Finally, Rosenblatt Securities increased their price target on Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Two investment 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. According to MarketBeat, Sprinklr presently has an average rating of “Hold” and an average target price of $10.38.

About Sprinklr

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.