EP Wealth Advisors LLC Invests $105,000 in Sprinklr, Inc. (NYSE:CXM)

EP Wealth Advisors LLC bought a new position in Sprinklr, Inc. (NYSE:CXM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,466 shares of the company’s stock, valued at approximately $105,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CXM. PNC Financial Services Group Inc. lifted its holdings in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new position in Sprinklr in the 4th quarter valued at approximately $34,000. FNY Investment Advisers LLC bought a new position in Sprinklr in the 4th quarter valued at approximately $42,000. SG Americas Securities LLC bought a new position in Sprinklr in the 4th quarter valued at approximately $89,000. Finally, Cibc World Markets Corp bought a new position in Sprinklr in the 4th quarter valued at approximately $92,000. Institutional investors own 40.19% of the company’s stock.

Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the firm’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 sale, the director now 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 filing with the SEC, which is available through this link. Insiders own 60.53% of the company’s stock.

Sprinklr Stock Up 0.1%

Shares of CXM stock opened at $8.48 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $12.69. The firm has a 50 day moving average of $7.99 and a 200-day moving average of $8.36.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CXM. William Blair lowered shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. DA Davidson dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Scotiabank raised their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and an average target price of $10.00.

Sprinklr 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.