Janney Montgomery Scott LLC Invests $989,000 in Sprinklr, Inc. (NYSE:CXM)

Janney Montgomery Scott LLC acquired a new stake in Sprinklr, Inc. (NYSE:CXM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 117,053 shares of the company’s stock, valued at approximately $989,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CXM. State Street Corp increased its stake in Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares during the period. Geode Capital Management LLC increased its position in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 valued at $8,018,000 after acquiring an additional 97,066 shares in the last quarter. Cerity Partners LLC boosted its holdings in Sprinklr by 33.0% in the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares during the period. Finally, Horrell Capital Management Inc. grew its stake in Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after purchasing an additional 165,000 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the topic of a number of analyst reports. Barclays increased their price target on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Stifel Nicolaus increased their target price on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Scotiabank lifted their price objective on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average target price of $10.13.

Sprinklr Stock Performance

Sprinklr stock opened at $8.92 on Thursday. 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 $2.27 billion, a price-to-earnings ratio of 55.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79. The stock’s fifty day moving average is $8.77 and its two-hundred day moving average is $8.35.

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.