Numerai GP LLC Sells 51,215 Shares of Sprinklr, Inc. (NYSE:CXM)

Numerai GP LLC lessened its holdings in Sprinklr, Inc. (NYSE:CXM) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,526 shares of the company’s stock after selling 51,215 shares during the period. Numerai GP LLC owned approximately 0.09% of Sprinklr worth $1,939,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. boosted its position in Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. Norges Bank purchased a new stake in shares of Sprinklr during the 4th quarter valued at $16,477,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Sprinklr during the 4th quarter worth $3,786,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after buying an additional 434,920 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Sprinklr in the 4th quarter worth about $3,422,000. 40.19% of the stock is owned by institutional investors.

Sprinklr Price Performance

NYSE:CXM opened at $8.48 on Wednesday. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.69. The stock’s fifty day moving average price is $7.99 and its two-hundred day moving average price is $8.35. The company has a market cap of $2.17 billion, a P/E ratio of 53.00, a P/E/G ratio of 2.31 and a beta of 0.77.

Insider Activity at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction that occurred on 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 owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CXM. Rosenblatt Securities raised their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Morgan Stanley decreased their price target on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. William Blair lowered Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

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.