Trexquant Investment LP Purchases Shares of 67,020 Sprinklr, Inc. (NYSE:CXM)

Trexquant Investment LP purchased a new position in shares of Sprinklr, Inc. (NYSE:CXM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 67,020 shares of the company’s stock, valued at approximately $566,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CXM. PNC Financial Services Group Inc. increased its holdings in Sprinklr by 100.0% during the fourth 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 position in shares of Sprinklr during the 4th quarter worth about $42,000. SG Americas Securities LLC bought a new stake in shares of Sprinklr in the 4th quarter valued at about $89,000. Cibc World Markets Corp acquired a new stake in Sprinklr in the 4th quarter valued at about $92,000. Finally, EPIQ Capital Group LLC grew its holdings in 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 purchasing an additional 2,664 shares during the period. Institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Rosenblatt Securities upped their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. 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 report on Thursday, March 13th. William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their price objective on Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.38.

Sprinklr Price Performance

Sprinklr stock opened at $7.26 on Friday. The firm has a market cap of $1.86 billion, a PE ratio of 45.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The stock’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $8.30. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.86.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares of the company’s stock, valued at $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 30.12% of the stock is currently owned by insiders.

Sprinklr 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.