MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in Sprinklr, Inc. (NYSE:CXM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in Sprinklr, Inc. (NYSE:CXM) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,886 shares of the company’s stock after selling 26,000 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Sprinklr were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of 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 buying an additional 1,928 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Sprinklr during the 4th quarter valued at about $34,000. SG Americas Securities LLC acquired a new stake in Sprinklr in the 4th quarter valued at about $89,000. Cibc World Markets Corp purchased a new position in Sprinklr in the 4th quarter worth approximately $92,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Sprinklr during the 4th quarter worth approximately $105,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

Shares of CXM stock opened at $8.02 on Monday. The firm has a market cap of $2.05 billion, a P/E ratio of 50.13, a P/E/G ratio of 2.31 and a beta of 0.77. The firm’s 50 day moving average price is $7.92 and its 200-day moving average price is $8.40. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $12.05.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CXM shares. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. DA Davidson cut their target price on Sprinklr from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price target on Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Scotiabank raised their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average price target of $10.00.

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 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 sale, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 60.53% of the stock is owned by corporate insiders.

Sprinklr Company 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.