Horrell Capital Management Inc. Sells 325,000 Shares of Sprinklr, Inc. (NYSE:CXM)

Horrell Capital Management Inc. trimmed its holdings in Sprinklr, Inc. (NYSE:CXM) by 47.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 360,000 shares of the company’s stock after selling 325,000 shares during the quarter. Horrell Capital Management Inc. owned 0.14% of Sprinklr worth $3,042,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Geode Capital Management LLC boosted its holdings in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares during the period. Bank of New York Mellon Corp grew its position in Sprinklr by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock worth $12,627,000 after acquiring an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sprinklr by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after acquiring an additional 18,021 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Sprinklr by 33.0% in the 3rd 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 period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Down 2.4 %

Shares of CXM stock opened at $8.63 on Monday. The business’s fifty day moving average is $8.78 and its 200 day moving average is $8.27. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.32.

Insider Activity

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr 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 completion of the transaction, the director now directly owns 968,306 shares of the company’s stock, valued at $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 30.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CXM shares. Cantor Fitzgerald restated a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Barclays increased their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. William Blair downgraded Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, Morgan Stanley upped their price target on Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.38.

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.