Sprinklr (NYSE:CXM) Rating Reiterated by DA Davidson

Sprinklr (NYSE:CXM - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at DA Davidson in a research report issued on Monday, Benzinga reports. They currently have a $16.00 price target on the stock. DA Davidson's price objective would indicate a potential upside of 31.36% from the company's current price.

A number of other research analysts have also weighed in on the stock. BTIG Research lowered shares of Sprinklr from a "buy" rating to a "neutral" rating in a research note on Thursday, December 7th. William Blair reaffirmed an "outperform" rating on shares of Sprinklr in a research note on Thursday. KeyCorp began coverage on shares of Sprinklr in a research note on Thursday, March 21st. They issued an "overweight" rating and a $19.00 price objective on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Sprinklr in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of Sprinklr from $16.00 to $15.00 and set a "hold" rating on the stock in a research report on Thursday, December 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.90.

Sprinklr Stock Performance

Shares of Sprinklr stock traded down $0.09 during trading hours on Monday, reaching $12.18. The company's stock had a trading volume of 4,112,466 shares, compared to its average volume of 2,812,393. Sprinklr has a one year low of $10.93 and a one year high of $17.14. The company has a market capitalization of $3.34 billion, a P/E ratio of 67.67, a P/E/G ratio of 2.82 and a beta of 0.87. The stock's fifty day simple moving average is $12.90 and its two-hundred day simple moving average is $13.30.

Insiders Place Their Bets

In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total value of $124,983.76. Following the sale, the insider now owns 80,952 shares of the company's stock, valued at $970,614.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Manish Sarin sold 60,651 shares of Sprinklr stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $12.01, for a total value of $728,418.51. Following the completion of the transaction, the chief financial officer now owns 644,946 shares in the company, valued at $7,745,801.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now owns 80,952 shares of the company's stock, valued at approximately $970,614.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,682 shares of company stock valued at $2,476,123. Company insiders own 40.29% of the company's stock.

Hedge Funds Weigh In On Sprinklr

Large investors have recently modified their holdings of the business. Citigroup Inc. increased its stake in shares of Sprinklr by 308.9% in the first quarter. Citigroup Inc. now owns 2,212 shares of the company's stock worth $26,000 after purchasing an additional 1,671 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of Sprinklr in the 3rd quarter worth approximately $27,000. Deutsche Bank AG bought a new stake in Sprinklr during the 4th quarter valued at $28,000. BluePath Capital Management LLC bought a new stake in Sprinklr during the 3rd quarter valued at $30,000. Finally, FMR LLC raised its holdings in Sprinklr by 126.1% during the 1st quarter. FMR LLC now owns 2,661 shares of the company's stock valued at $34,000 after buying an additional 1,484 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company's stock.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.