JPMorgan Chase & Co. Reaffirms Neutral Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $11.00 target price on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.60% from the company’s current price.

Several other research analysts also recently issued reports on CXM. Stifel Nicolaus upped their price objective on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Scotiabank upped their target price on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a report on Thursday, December 5th. DA Davidson upped their target price on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Citigroup reduced their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.13.

Sprinklr Price Performance

Sprinklr stock opened at $9.28 on Wednesday. The business has a 50 day moving average of $7.81 and a 200-day moving average of $8.60. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The company has a market capitalization of $2.35 billion, a P/E ratio of 57.97, a P/E/G ratio of 2.70 and a beta of 0.81.

Insider Buying and Selling at Sprinklr

In other news, insider Diane Adams sold 4,282 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the completion of the sale, the insider now owns 390,940 shares in the company, valued at $3,061,060.20. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the sale, the chief financial officer now owns 748,918 shares of the company’s stock, valued at approximately $5,864,027.94. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,596 shares of company stock valued at $536,275. Corporate insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in CXM. 272 Capital LP grew its position in Sprinklr by 26.5% during the third quarter. 272 Capital LP now owns 309,248 shares of the company’s stock valued at $2,390,000 after buying an additional 64,748 shares during the period. Geode Capital Management LLC grew its position 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 during the period. Barclays PLC grew its position in Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after buying an additional 179,661 shares during the period. Weiss Asset Management LP bought a new position in Sprinklr during the third quarter valued at about $806,000. Finally, State Street Corp grew its position in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

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.