UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 29,521 Shares of Sprinklr, Inc. (NYSE:CXM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Sprinklr, Inc. (NYSE:CXM) by 12.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 208,714 shares of the company’s stock after selling 29,521 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Sprinklr worth $1,613,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CXM. The Manufacturers Life Insurance Company lifted its stake in Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after acquiring an additional 1,700 shares during the last quarter. CWM LLC boosted its holdings in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Sprinklr by 12.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after acquiring an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insider Buying and Selling at Sprinklr

In other news, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the transaction, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 15,420 shares of company stock valued at $119,907. 30.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CXM. Stifel Nicolaus increased their price objective on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Morgan Stanley dropped their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Barclays boosted their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Citigroup dropped their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of “Hold” and an average price target of $10.13.

Sprinklr Stock Performance

Sprinklr stock opened at $9.41 on Tuesday. The stock’s 50 day simple moving average is $7.89 and its two-hundred day simple moving average is $8.52. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 58.78, a PEG ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31.

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.