Sprinklr, Inc. (NYSE:CXM) Receives $10.38 Consensus PT from Brokerages

Sprinklr, Inc. (NYSE:CXM) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $10.38.

Several research firms recently weighed in on CXM. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Morgan Stanley raised their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 13th. Rosenblatt Securities upped their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, March 13th. William Blair downgraded Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a report on Wednesday, December 11th.

Sprinklr Stock Down 0.9 %

Shares of NYSE CXM opened at $7.11 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 44.41, a P/E/G ratio of 2.31 and a beta of 0.77. The stock’s 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.31. Sprinklr has a twelve month low of $6.75 and a twelve month high of $12.86.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 30.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CXM. Jefferies Financial Group Inc. raised its holdings in Sprinklr by 96.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after buying an additional 2,851,106 shares during the last quarter. Norges Bank purchased a new position in shares of Sprinklr in the fourth quarter valued at about $16,477,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Sprinklr during the fourth quarter valued at about $3,786,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprinklr by 224.5% during the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after purchasing an additional 434,920 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Sprinklr during the fourth quarter worth about $3,422,000. Institutional investors own 40.19% of the company’s stock.

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.