BNP Paribas Financial Markets Purchases Shares of 50,207 Sprinklr, Inc. (NYSE:CXM)

BNP Paribas Financial Markets purchased a new position in Sprinklr, Inc. (NYSE:CXM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,207 shares of the company’s stock, valued at approximately $424,000.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after buying an additional 1,928 shares during the period. Ancora Advisors LLC purchased a new stake in Sprinklr in the 4th quarter valued at about $34,000. SG Americas Securities LLC purchased a new position in Sprinklr in the fourth quarter worth $89,000. Cibc World Markets Corp bought a new stake in Sprinklr in the fourth quarter worth about $92,000. Finally, EPIQ Capital Group LLC lifted its stake in Sprinklr by 26.2% in the fourth 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 during the last quarter. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

NYSE:CXM opened at $8.02 on Monday. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.05. The stock’s 50 day simple moving average is $7.92 and its two-hundred day simple moving average is $8.40. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 2.31 and a beta of 0.77.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now directly owns 968,306 shares in the company, valued at approximately $8,985,879.68. This represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 60.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. DA Davidson dropped their price target on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Morgan Stanley reduced their target price on Sprinklr from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. 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. Rosenblatt Securities increased their price objective on Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Finally, Scotiabank raised their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.