State Street Corp Has $37.31 Million Stock Position in Sprinklr, Inc. (NYSE:CXM)

State Street Corp increased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,826,736 shares of the company’s stock after acquiring an additional 322,318 shares during the period. State Street Corp owned about 1.90% of Sprinklr worth $37,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CXM. Petrus Trust Company LTA increased its holdings in shares of Sprinklr by 109.5% in the third quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock valued at $682,000 after purchasing an additional 46,093 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Sprinklr by 80.4% during the third quarter. Janus Henderson Group PLC now owns 70,515 shares of the company’s stock worth $545,000 after acquiring an additional 31,437 shares during the period. Holocene Advisors LP acquired a new position in Sprinklr during the 3rd quarter worth approximately $597,000. Clearline Capital LP bought a new position in shares of Sprinklr in the 3rd quarter valued at about $353,000. Finally, Paloma Partners Management Co increased its holdings in Sprinklr by 73.3% during the third quarter. Paloma Partners Management Co now owns 55,162 shares of the company’s stock worth $426,000 after buying an additional 23,333 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Down 0.5 %

Shares of CXM stock opened at $9.10 on Friday. The business has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $8.50. The company has a market cap of $2.31 billion, a P/E ratio of 56.88, a P/E/G ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.31.

Wall Street Analysts Forecast Growth

CXM has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Citigroup reduced their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DA Davidson lifted their target price on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Finally, Barclays raised their price target on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.