Sprinklr (NYSE:CXM) Rating Reiterated by Oppenheimer

Sprinklr (NYSE:CXMGet Free Report)‘s stock had its “market perform” rating reissued by investment analysts at Oppenheimer in a research note issued to investors on Thursday, Benzinga reports.

CXM has been the topic of a number of other research reports. JMP Securities decreased their price target on shares of Sprinklr from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, December 7th. Morgan Stanley reduced their target price on shares of Sprinklr from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, December 8th. KeyCorp began coverage on shares of Sprinklr in a research note on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target on the stock. Barclays dropped their target price on shares of Sprinklr from $18.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, December 11th. Finally, BTIG Research downgraded shares of Sprinklr from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.86.

Read Our Latest Research Report on Sprinklr

Sprinklr Stock Performance

CXM stock opened at $12.27 on Thursday. The stock has a market capitalization of $3.36 billion, a P/E ratio of 68.17, a PEG ratio of 2.99 and a beta of 0.89. The company has a 50 day moving average price of $12.90 and a two-hundred day moving average price of $13.34. Sprinklr has a one year low of $10.70 and a one year high of $17.14.

Insider Transactions at Sprinklr

In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now directly owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Diane Adams sold 16,600 shares of Sprinklr stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,298.00. Following the completion of the transaction, the insider now directly owns 251,340 shares of the company’s stock, valued at approximately $3,274,960.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction dated Wednesday, January 10th. The shares were 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 of the company’s stock, valued at $970,614.48. The disclosure for this sale can be found here. In the last three months, insiders sold 195,682 shares of company stock valued at $2,476,123. Company insiders own 40.29% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Sprinklr by 205.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,093,275 shares of the company’s stock worth $13,163,000 after acquiring an additional 735,699 shares during the last quarter. American International Group Inc. raised its stake in shares of Sprinklr by 2.0% in the fourth quarter. American International Group Inc. now owns 52,522 shares of the company’s stock worth $632,000 after acquiring an additional 1,037 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Sprinklr in the fourth quarter worth about $173,000. Bullseye Asset Management LLC raised its stake in shares of Sprinklr by 21.9% in the fourth quarter. Bullseye Asset Management LLC now owns 55,654 shares of the company’s stock worth $670,000 after acquiring an additional 10,000 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $891,000. 40.19% of the stock is owned by institutional investors.

Sprinklr Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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