The Manufacturers Life Insurance Company Sells 7,234 Shares of Sprinklr, Inc. (NYSE:CXM)

The Manufacturers Life Insurance Company lowered its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,464 shares of the company’s stock after selling 7,234 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sprinklr were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CXM. PNC Financial Services Group Inc. raised 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 worth $33,000 after buying an additional 1,928 shares during the last quarter. SG Americas Securities LLC purchased a new position in Sprinklr in the fourth quarter worth about $89,000. Cibc World Markets Corp purchased a new position in Sprinklr in the fourth quarter worth about $92,000. EPIQ Capital Group LLC raised its holdings in Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock worth $109,000 after buying an additional 2,664 shares during the last quarter. Finally, Abbot Financial Management Inc. purchased a new position in Sprinklr in the fourth quarter worth about $115,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Performance

NYSE CXM opened at $8.43 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The company’s 50-day simple moving average is $8.00 and its two-hundred day simple moving average is $8.36. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.69.

Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, valued at $8,985,879.68. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 60.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. Rosenblatt Securities boosted their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Wells Fargo & Company decreased their price objective on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. DA Davidson reduced their target price 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.