Fmr LLC Increases Stake in Sprinklr, Inc. (NYSE:CXM)

Fmr LLC increased its position in shares of Sprinklr, Inc. (NYSE:CXM) by 152.8% in the third quarter, Holdings Channel.com reports. The firm owned 91,029 shares of the company’s stock after purchasing an additional 55,022 shares during the quarter. Fmr LLC’s holdings in Sprinklr were worth $704,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its stake in shares of Sprinklr by 63.6% during the 3rd quarter. Quantbot Technologies LP now owns 132,285 shares of the company’s stock worth $1,023,000 after acquiring an additional 51,440 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Sprinklr by 10.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock worth $8,018,000 after purchasing an additional 97,066 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Sprinklr during the third quarter valued at $231,000. Finally, Quest Partners LLC grew its holdings in shares of Sprinklr by 103.5% in the third quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock worth $344,000 after purchasing an additional 22,601 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CXM shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a report on Wednesday, December 11th. KeyCorp lowered their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Scotiabank raised their price objective on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Citigroup decreased their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.13.

Sprinklr Price Performance

Shares of CXM stock opened at $9.30 on Wednesday. The stock’s 50-day moving average is $7.94 and its 200 day moving average is $8.50. Sprinklr, Inc. has a 1-year low of $6.91 and a 1-year high of $14.31. The company has a market cap of $2.36 billion, a P/E ratio of 58.13, a PEG ratio of 3.02 and a beta of 0.81.

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.