Aigen Investment Management LP Sells 71,116 Shares of Sprinklr, Inc. (NYSE:CXM)

Aigen Investment Management LP lessened its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 70.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,396 shares of the company’s stock after selling 71,116 shares during the period. Aigen Investment Management LP’s holdings in Sprinklr were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in shares of Sprinklr during the 4th quarter worth $989,000. Weiss Asset Management LP acquired a new position in Sprinklr during the third quarter worth $806,000. Geode Capital Management LLC raised its holdings in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after buying an additional 295,638 shares in the last quarter. Barclays PLC boosted its stake in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after acquiring an additional 179,661 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after acquiring an additional 246,095 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Barclays raised their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. DA Davidson boosted their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Friday, February 7th. Two 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.13.

Sprinklr Stock Up 1.6 %

NYSE:CXM opened at $8.43 on Monday. The firm has a market cap of $2.14 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The company’s 50-day moving average price is $8.73 and its two-hundred day moving average price is $8.28. 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.