Sprinklr (NYSE:CXM) Price Target Raised to $18.00 at Rosenblatt Securities

Sprinklr (NYSE:CXM) had its price target upped by Rosenblatt Securities from $16.00 to $18.00 in a report issued on Thursday, Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. William Blair reiterated an outperform rating on shares of Sprinklr in a report on Thursday. Stifel Nicolaus dropped their price objective on shares of Sprinklr from $16.00 to $15.00 and set a hold rating for the company in a report on Thursday, December 7th. Cantor Fitzgerald dropped their price objective on shares of Sprinklr from $21.00 to $16.00 and set an overweight rating for the company in a report on Thursday, December 7th. JMP Securities lowered their price target on shares of Sprinklr from $24.00 to $22.00 and set a market outperform rating for the company in a report on Thursday, December 7th. Finally, TheStreet lowered shares of Sprinklr from a c- rating to a d+ rating in a report on Thursday, December 28th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $16.86.

Sprinklr Trading Down 5.7 %

CXM opened at $12.27 on Thursday. The company’s 50 day moving average is $12.90 and its 200-day moving average is $13.37. Sprinklr has a 1-year low of $10.70 and a 1-year high of $17.14. The company has a market cap of $3.36 billion, a P/E ratio of 111.55, a PEG ratio of 2.95 and a beta of 0.89.

Insider Activity at Sprinklr

In related news, CEO Ragy Thomas sold 11,742 shares of Sprinklr stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of Sprinklr stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the transaction, the insider now directly owns 80,952 shares in the company, valued at $970,614.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,682 shares of company stock valued at $2,476,123. 40.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently bought and sold shares of the company. Cadian Capital Management LP boosted its holdings in Sprinklr by 29.9% during the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after acquiring an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after acquiring an additional 1,399,510 shares during the last quarter. BlackRock Inc. raised its stake in shares of Sprinklr by 302.9% during the 2nd quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after purchasing an additional 4,769,625 shares during the period. Praesidium Investment Management Company LLC raised its stake in shares of Sprinklr by 31.4% during the 2nd quarter. Praesidium Investment Management Company LLC now owns 4,728,006 shares of the company’s stock worth $65,388,000 after purchasing an additional 1,129,318 shares during the period. Finally, Cat Rock Capital Management LP raised its stake in shares of Sprinklr by 53.5% during the 2nd quarter. Cat Rock Capital Management LP now owns 3,696,990 shares of the company’s stock worth $51,129,000 after purchasing an additional 1,289,230 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.