Sprinklr, Inc. (NYSE:CXM) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Sprinklr, Inc. (NYSE:CXM) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,053 shares of the company’s stock after selling 5,659 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sprinklr were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CXM. FNY Investment Advisers LLC acquired a new position in shares of Sprinklr during the fourth quarter worth about $42,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr during the fourth quarter worth about $89,000. Everence Capital Management Inc. acquired a new position in shares of Sprinklr during the third quarter worth about $105,000. GSA Capital Partners LLP acquired a new position in shares of Sprinklr during the third quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Sprinklr during the third quarter worth about $142,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Price Performance

Shares of NYSE CXM opened at $8.97 on Friday. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.31. The company has a market capitalization of $2.28 billion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. The firm’s 50-day moving average is $8.84 and its two-hundred day moving average is $8.33.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CXM. Scotiabank upped their target price on shares of Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. William Blair lowered shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research report on Thursday, December 5th. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently 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.