Sprinklr, Inc. (NYSE:CXM) Stock Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of Sprinklr, Inc. (NYSE:CXM) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,856 shares of the company’s stock after purchasing an additional 1,928 shares during the period. PNC Financial Services Group Inc.’s holdings in Sprinklr were worth $33,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Sprinklr in the 4th quarter worth $42,000. SG Americas Securities LLC acquired a new position in Sprinklr during the fourth quarter worth about $89,000. Abbot Financial Management Inc. acquired a new position in Sprinklr during the fourth quarter worth about $115,000. Intech Investment Management LLC bought a new stake in Sprinklr in the third quarter worth about $231,000. Finally, Clearline Capital LP acquired a new stake in Sprinklr in the 3rd quarter valued at about $353,000. Institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CXM shares. DA Davidson boosted their price objective on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. Barclays boosted their target price on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, William Blair lowered Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Two investment 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. According to data from MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus price target of $10.38.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.12% of the stock is currently owned by insiders.

Sprinklr Stock Performance

NYSE:CXM opened at $8.77 on Friday. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $14.32. The firm’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $8.30. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 54.78, a P/E/G ratio of 2.31 and a beta of 0.80.

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.