Sprinklr, Inc. (NYSE:CXM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 34.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 409,079 shares of the company’s stock after selling 219,582 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Sprinklr worth $3,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the last quarter. EPIQ Capital Group LLC raised its position in shares of Sprinklr by 26.2% in the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $42,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth approximately $89,000. Finally, Cibc World Markets Corp bought a new stake in shares of Sprinklr in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at approximately $8,985,879.68. The trade was a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 30.12% of the stock is currently owned by company insiders.

Sprinklr Stock Performance

CXM stock opened at $6.89 on Tuesday. The stock’s fifty day moving average is $8.31 and its two-hundred day moving average is $8.29. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86.

Analyst Upgrades and Downgrades

CXM has been the subject of several recent analyst reports. DA Davidson decreased their price objective on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Scotiabank lifted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 13th. Rosenblatt Securities upped their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Finally, William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and an average target price of $10.00.

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.