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

Maryland State Retirement & Pension System decreased its position in Sprinklr, Inc. (NYSE:CXM) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXM. GSA Capital Partners LLP acquired a new position in Sprinklr in the third quarter valued at $129,000. Victory Capital Management Inc. grew its holdings in Sprinklr by 17.0% in the 3rd quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock valued at $476,000 after buying an additional 8,928 shares during the period. Quest Partners LLC increased its stake in shares of Sprinklr by 103.5% during the 3rd quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock valued at $344,000 after acquiring an additional 22,601 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Sprinklr during the 3rd quarter worth about $231,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sprinklr by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock worth $8,018,000 after acquiring an additional 97,066 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Stock Up 1.0 %

CXM opened at $9.07 on Wednesday. The firm’s 50 day moving average is $8.81 and its 200-day moving average is $8.29. Sprinklr, Inc. has a 52-week low of $6.91 and a 52-week high of $14.32. The firm has a market capitalization of $2.31 billion, a P/E ratio of 56.69, a P/E/G ratio of 2.31 and a beta of 0.80.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 968,306 shares of the company’s stock, valued at $8,985,879.68. This represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 30.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Scotiabank increased their target price on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Morgan Stanley upped their price target on Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, DA Davidson lifted their price objective on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine 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 $10.38.

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.