Arizona State Retirement System Lowers Holdings in Sprinklr, Inc. (NYSE:CXM)

Arizona State Retirement System reduced its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,801 shares of the company’s stock after selling 2,442 shares during the quarter. Arizona State Retirement System’s holdings in Sprinklr were worth $269,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CXM. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $42,000. SG Americas Securities LLC purchased a new stake in Sprinklr during the fourth quarter worth $89,000. Abbot Financial Management Inc. acquired a new stake in Sprinklr during the fourth quarter valued at $115,000. GSA Capital Partners LLP purchased a new position in Sprinklr in the third quarter valued at $129,000. Finally, Intech Investment Management LLC acquired a new position in shares of Sprinklr in the third quarter worth about $231,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Stock Down 0.8 %

Shares of NYSE CXM opened at $9.13 on Friday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 57.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $14.32. The firm has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $8.28.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CXM. Rosenblatt Securities raised their target price on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Finally, Morgan Stanley upped their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of “Hold” and a consensus target price of $10.38.

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.