Caisse Des Depots ET Consignations Makes New Investment in Sprinklr, Inc. (NYSE:CXM)

Caisse Des Depots ET Consignations bought a new position in Sprinklr, Inc. (NYSE:CXM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 168,995 shares of the company’s stock, valued at approximately $1,428,000. Caisse Des Depots ET Consignations owned about 0.07% of Sprinklr as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CXM. Janney Montgomery Scott LLC bought a new stake in Sprinklr during the fourth quarter worth approximately $989,000. Weiss Asset Management LP purchased a new position in shares of Sprinklr in the 3rd quarter worth approximately $806,000. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 295,638 shares during the last quarter. Ceera Investments LLC raised its holdings in Sprinklr by 61.4% during the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after buying an additional 69,290 shares during the period. Finally, Barclays PLC lifted its position in Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after buying an additional 179,661 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CXM has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Finally, DA Davidson raised their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sprinklr has a consensus rating of “Hold” and a consensus price target of $10.38.

Insiders Place Their Bets

In other news, Director Neeraj Agrawal sold 26,053 shares of the company’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 value of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. This represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 30.12% of the stock is owned by company insiders.

Sprinklr Trading Down 1.4 %

Shares of Sprinklr stock opened at $8.77 on Friday. The stock’s fifty day moving average price is $8.82 and its 200-day moving average price is $8.30. The firm has a market cap of $2.23 billion, a P/E ratio of 54.78, a P/E/G ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.32.

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.