Sprinklr, Inc. (NYSE:CXM) Given Average Rating of “Hold” by Analysts

Sprinklr, Inc. (NYSE:CXM) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.30.

Several research firms have recently commented on CXM. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. Barclays cut their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Citigroup reduced their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DA Davidson lowered their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley reduced their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th.

Sprinklr Trading Down 0.3 %

Shares of NYSE:CXM opened at $7.81 on Wednesday. Sprinklr has a twelve month low of $7.23 and a twelve month high of $17.14. The company has a market cap of $2.07 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. The company’s 50 day moving average is $8.88 and its 200 day moving average is $10.58.

Insider Buying and Selling at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total value of $126,196.40. Following the sale, the insider now owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.20, for a total value of $126,196.40. Following the transaction, the insider now directly owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,846 shares of company stock valued at $2,157,692. Company insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after acquiring an additional 3,322 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after purchasing an additional 27,652 shares in the last quarter. Jump Financial LLC grew its position in shares of Sprinklr by 5.0% in the fourth quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after purchasing an additional 1,875 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $161,000. Finally, Quest Partners LLC purchased a new position in Sprinklr during the fourth quarter worth approximately $115,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.