Brokerages Set Sprinklr, Inc. (NYSE:CXM) Price Target at $10.38

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

Several equities analysts have issued reports on CXM shares. Scotiabank lifted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, March 13th. William Blair downgraded Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Rosenblatt Securities raised their price target on Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Finally, Morgan Stanley upped their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th.

Sprinklr Stock Performance

NYSE:CXM opened at $7.63 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 47.66, a P/E/G ratio of 2.31 and a beta of 0.77. The company’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $8.31. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $12.86.

Insiders Place Their Bets

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction on Friday, March 14th. The shares were 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 approximately $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Sprinklr in the 4th quarter valued at about $989,000. Weiss Asset Management LP acquired a new position in shares of Sprinklr during the 3rd quarter worth approximately $806,000. Geode Capital Management LLC lifted its position in shares of Sprinklr by 11.9% during the 3rd 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 in the last quarter. Ceera Investments LLC grew its stake in Sprinklr by 61.4% in the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after acquiring an additional 69,290 shares during the period. Finally, Barclays PLC increased its holdings in 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 in the last quarter. Institutional investors and hedge funds 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.