Barclays PLC Purchases 179,661 Shares of Sprinklr, Inc. (NYSE:CXM)

Barclays PLC increased its position in Sprinklr, Inc. (NYSE:CXM) by 283.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 242,990 shares of the company’s stock after acquiring an additional 179,661 shares during the quarter. Barclays PLC’s holdings in Sprinklr were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new stake in Sprinklr during the third quarter valued at approximately $105,000. CIBC Asset Management Inc grew its position in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Sprinklr in the 3rd quarter worth $129,000. GW Henssler & Associates Ltd. bought a new position in Sprinklr in the 3rd quarter worth $142,000. Finally, CWA Asset Management Group LLC purchased a new position in Sprinklr during the third quarter valued at $194,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Down 1.8 %

Shares of Sprinklr stock opened at $8.79 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.31. The business has a 50-day moving average price of $8.19 and a 200-day moving average price of $8.47.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank raised their price objective on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. Citigroup lowered their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus increased their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Barclays raised their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, KeyCorp cut their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.13.

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.