Sprinklr, Inc. (NYSE:CXM) Receives Average Rating of “Hold” from Analysts

Sprinklr, Inc. (NYSE:CXMGet Free Report) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $10.00.

Several research analysts have weighed in on the stock. 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. DA Davidson dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company dropped their price objective on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

Read Our Latest Research Report on Sprinklr

Sprinklr Trading Down 2.2%

Shares of CXM opened at $8.02 on Monday. The firm’s 50-day moving average is $7.92 and its two-hundred day moving average is $8.40. Sprinklr has a twelve month low of $6.75 and a twelve month high of $12.05. The firm has a market capitalization of $2.05 billion, a P/E ratio of 50.13, a PEG ratio of 2.31 and a beta of 0.77.

Insiders Place Their Bets

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The shares were 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 directly owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.53% of the stock is owned by corporate insiders.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Sprinklr in the 4th quarter worth approximately $989,000. 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 worth $1,539,000 after acquiring an additional 69,290 shares during the period. Barclays PLC grew its stake 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 during the period. Northern Trust Corp grew its stake in Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company’s stock worth $10,416,000 after acquiring an additional 38,895 shares during the period. Finally, Jefferies Financial Group Inc. grew its stake in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after acquiring an additional 2,851,106 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

About Sprinklr

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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.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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