JMP Securities Reiterates “Market Outperform” Rating for Sprinklr (NYSE:CXM)

JMP Securities reissued their market outperform rating on shares of Sprinklr (NYSE:CXM) in a report released on Monday,Benzinga reports. The firm currently has a $17.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus boosted 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. Barclays boosted their price target on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. KeyCorp reduced their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities reissued a “buy” rating and set a $10.50 target price on shares of Sprinklr in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.13.

Sprinklr Price Performance

NYSE:CXM opened at $9.41 on Monday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The business has a fifty day simple moving average of $7.89 and a two-hundred day simple moving average of $8.52. The company has a market capitalization of $2.38 billion, a P/E ratio of 58.78, a P/E/G ratio of 3.02 and a beta of 0.81.

Insider Transactions at Sprinklr

In other Sprinklr news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the sale, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 15,420 shares of company stock valued at $119,907. 30.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 272 Capital LP raised its holdings in shares of Sprinklr by 26.5% during the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after acquiring an additional 179,661 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Sprinklr in the 3rd quarter valued at $806,000. Finally, State Street Corp grew its holdings in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.