Catalyst Funds Management Pty Ltd Makes New Investment in Sprinklr, Inc. (NYSE:CXM)

Catalyst Funds Management Pty Ltd bought a new position in Sprinklr, Inc. (NYSE:CXM) in the fourth quarter, Holdings Channel reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $152,000.

Other large investors have also bought and sold shares of the company. First Eagle Investment Management LLC purchased a new position in shares of Sprinklr in the fourth quarter valued at $452,000. EPIQ Capital Group LLC grew its position in shares of Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares in the last quarter. Ceera Investments LLC grew its position in shares of Sprinklr by 61.4% in the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after purchasing an additional 69,290 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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 valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Finally, Abbot Financial Management Inc. purchased a new position in shares of Sprinklr in the fourth quarter valued at $115,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Trading Down 0.8 %

CXM opened at $9.13 on Monday. The stock has a 50-day moving average price of $8.76 and a 200-day moving average price of $8.27. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32. The stock has a market capitalization of $2.32 billion, a P/E ratio of 57.03, a PEG ratio of 2.31 and a beta of 0.80.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CXM. Rosenblatt Securities lifted their price target on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Scotiabank lifted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Barclays lifted their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.