Sprinklr, Inc. (NYSE:CXM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Sprinklr, Inc. (NYSE:CXM) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,788,550 shares of the company’s stock after acquiring an additional 295,638 shares during the quarter. Geode Capital Management LLC owned 1.10% of Sprinklr worth $21,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Weiss Asset Management LP purchased a new position in Sprinklr in the 3rd quarter valued at $806,000. Cerity Partners LLC raised its holdings in shares of Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after acquiring an additional 246,095 shares during the period. Holocene Advisors LP acquired a new position in shares of Sprinklr during the 3rd quarter valued at about $597,000. Barclays PLC boosted its position in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after acquiring an additional 179,661 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its holdings in shares of Sprinklr by 31.7% in the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after purchasing an additional 165,000 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $8.53 on Friday. The stock’s 50-day simple moving average is $8.21 and its 200-day simple moving average is $8.46. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The firm has a market capitalization of $2.17 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. Barclays boosted their price target on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Citigroup decreased their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.13.

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.