Sprinklr (NYSE:CXM) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Sprinklr (NYSE:CXM) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued a neutral rating and a $8.00 price objective on the stock.

CXM has been the subject of several other research reports. Scotiabank lifted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company 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 lifted their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Morgan Stanley dropped their target price on Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their target price on Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus target price of $9.92.

Sprinklr Price Performance

Shares of CXM opened at $8.56 on Tuesday. Sprinklr has a 1-year low of $6.75 and a 1-year high of $11.01. The firm has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $8.42. The stock has a market cap of $2.19 billion, a PE ratio of 53.50, a P/E/G ratio of 2.31 and a beta of 0.77.

Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 60.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXM. Jefferies Financial Group Inc. grew 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 worth $49,073,000 after acquiring an additional 2,851,106 shares in the last quarter. Norges Bank acquired a new position in shares of Sprinklr during the fourth quarter worth $16,477,000. Vanguard Group Inc. grew its stake in shares of Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock worth $121,065,000 after purchasing an additional 1,138,542 shares in the last quarter. Nuveen LLC acquired a new position in shares of Sprinklr during the first quarter worth $4,341,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Sprinklr during the 4th quarter worth about $3,786,000. 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.