Sprinklr, Inc. (NYSE:CXM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 34.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 409,079 shares of the company’s stock after selling 219,582 shares during the period. JPMorgan Chase & Co.’s holdings in Sprinklr were worth $3,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CXM. PNC Financial Services Group Inc. raised its holdings in shares of 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 purchasing an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Sprinklr during the fourth quarter worth approximately $42,000. SG Americas Securities LLC acquired a new position in Sprinklr in the fourth quarter worth approximately $89,000. Cibc World Markets Corp bought a new position in shares of Sprinklr in the fourth quarter valued at $92,000. Finally, EPIQ Capital Group LLC lifted its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after acquiring an additional 2,664 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

CXM has been the topic of a number of recent research reports. William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. DA Davidson cut their price objective on Sprinklr from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Scotiabank lifted 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, March 13th. Morgan Stanley reduced their price target on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Sprinklr Trading Down 3.0 %

CXM opened at $6.89 on Tuesday. The stock has a fifty day moving average price of $8.31 and a 200 day moving average price of $8.29. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.31 and a beta of 0.77.

Insider Activity

In related news, Director Neeraj Agrawal sold 26,053 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 30.12% of the stock is owned by corporate 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.