JPMorgan Chase & Co. Has $4.86 Million Stock Holdings in Sprinklr, Inc. (NYSE:CXM)

JPMorgan Chase & Co. increased its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 224.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 628,661 shares of the company’s stock after buying an additional 434,920 shares during the period. JPMorgan Chase & Co. owned 0.25% of Sprinklr worth $4,860,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new position in Sprinklr in the 3rd quarter valued at $105,000. GSA Capital Partners LLP bought a new position in Sprinklr in the third quarter valued at about $129,000. GW Henssler & Associates Ltd. acquired a new stake in Sprinklr in the third quarter worth about $142,000. CWA Asset Management Group LLC bought a new stake in Sprinklr during the 3rd quarter worth about $194,000. Finally, Handelsbanken Fonder AB lifted its position in Sprinklr by 41.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock valued at $209,000 after purchasing an additional 8,000 shares during the period. Institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Down 0.1 %

CXM stock opened at $8.57 on Friday. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $14.31. The firm has a market cap of $2.18 billion, a PE ratio of 53.59, a P/E/G ratio of 2.75 and a beta of 0.78. The business’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $8.43.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research report on Wednesday, December 11th. Stifel Nicolaus raised their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, December 16th. DA Davidson increased their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Scotiabank lifted their price objective on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.13.

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.