DA Davidson Cuts Sprinklr (NYSE:CXM) Price Target to $8.00

Sprinklr (NYSE:CXM) had its target price lowered by DA Davidson from $11.00 to $8.00 in a research report sent to investors on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on CXM. Scotiabank increased their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, March 13th. William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Rosenblatt Securities raised their price target on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Morgan Stanley upped their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.25.

Sprinklr Stock Down 1.1 %

Shares of NYSE:CXM opened at $7.18 on Monday. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $12.86. The company has a market cap of $1.84 billion, a PE ratio of 44.88, a P/E/G ratio of 2.31 and a beta of 0.77. The company’s 50-day moving average price is $8.50 and its 200 day moving average price is $8.30.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the sale, the director now directly owns 968,306 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. Company insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at $34,000. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr in the fourth quarter worth $42,000. SG Americas Securities LLC purchased a new position in shares of Sprinklr during the fourth quarter valued at $89,000. Finally, Cibc World Markets Corp purchased a new stake in Sprinklr in the 4th quarter worth about $92,000. Institutional investors and hedge funds 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.