AlphaQuest LLC Lowers Stock Position in Sprinklr, Inc. (NYSE:CXM)

AlphaQuest LLC decreased its position in Sprinklr, Inc. (NYSE:CXM) by 32.0% in the fourth quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. State Street Corp grew its position in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after acquiring an additional 322,318 shares during the period. Geode Capital Management LLC grew its holdings in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares during the period. Bank of New York Mellon Corp increased its position in shares of Sprinklr by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock valued at $12,627,000 after buying an additional 11,513 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sprinklr by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after buying an additional 18,021 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after buying an additional 246,095 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CXM. DA Davidson upped their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a report on Thursday, December 5th. Barclays increased their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Finally, Morgan Stanley increased their price objective on Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.38.

Sprinklr Price Performance

Shares of CXM stock opened at $9.13 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The firm’s 50-day moving average is $8.76 and its two-hundred day moving average is $8.28. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.32.

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.