Barclays PLC Acquires 179,661 Shares of Sprinklr, Inc. (NYSE:CXM)

Barclays PLC raised its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 283.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,990 shares of the company’s stock after purchasing an additional 179,661 shares during the period. Barclays PLC owned 0.10% of Sprinklr worth $1,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Everence Capital Management Inc. bought a new position in shares of Sprinklr during the third quarter valued at approximately $105,000. CIBC Asset Management Inc increased its position in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the period. GSA Capital Partners LLP bought a new position in Sprinklr in the 3rd quarter worth $129,000. GW Henssler & Associates Ltd. purchased a new stake in shares of Sprinklr in the 3rd quarter worth about $142,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of Sprinklr during the 3rd quarter valued at about $194,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

CXM has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. KeyCorp reduced their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Monday, December 16th. Finally, Morgan Stanley reduced their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.13.

Sprinklr Trading Down 1.8 %

CXM stock opened at $8.79 on Friday. The stock’s 50 day simple moving average is $8.19 and its 200 day simple moving average is $8.47. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.31. The stock has a market capitalization of $2.24 billion, a PE ratio of 54.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

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.