Geode Capital Management LLC Grows Holdings in Sprinklr, Inc. (NYSE:CXM)

Geode Capital Management LLC lifted its stake in shares of Sprinklr, Inc. (NYSE:CXMFree Report) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,788,550 shares of the company’s stock after buying an additional 295,638 shares during the quarter. Geode Capital Management LLC’s holdings in Sprinklr were worth $21,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Weiss Asset Management LP acquired a new stake in shares of Sprinklr in the 3rd quarter valued at approximately $806,000. Cerity Partners LLC grew its holdings in 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 acquiring an additional 246,095 shares during the period. Holocene Advisors LP purchased a new position in Sprinklr in the third quarter worth $597,000. Barclays PLC lifted its holdings in Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after acquiring an additional 179,661 shares during the period. Finally, Horrell Capital Management Inc. boosted its position in shares of Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after purchasing an additional 165,000 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Down 3.0 %

NYSE CXM opened at $8.53 on Friday. The company’s fifty day simple moving average is $8.21 and its 200-day simple moving average is $8.46. The stock has a market cap of $2.17 billion, a P/E ratio of 53.32, a PEG ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a 52 week low of $6.91 and a 52 week high of $14.31.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CXM. DA Davidson lifted their price objective on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Rosenblatt Securities restated a “buy” rating and set a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.13.

Get Our Latest Stock Report on CXM

Sprinklr Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sprinklr (NYSE:CXM)

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