Sprinklr, Inc. (NYSE:CXM) Receives Consensus Recommendation of "Hold" from Brokerages

Sprinklr, Inc. (NYSE:CXM - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $10.00.

CXM has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. JMP Securities restated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Finally, Scotiabank upped 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.

Sprinklr Price Performance

NYSE CXM traded down $0.08 during trading on Thursday, reaching $7.65. The company's stock had a trading volume of 683,317 shares, compared to its average volume of 2,023,928. The firm has a fifty day moving average of $8.02 and a 200 day moving average of $8.32. Sprinklr has a one year low of $6.75 and a one year high of $12.86. The stock has a market capitalization of $1.96 billion, a PE ratio of 47.78, a P/E/G ratio of 2.31 and a beta of 0.77.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was 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 owns 968,306 shares in the company, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors have recently bought and sold shares of CXM. GAMMA Investing LLC grew its stake in Sprinklr by 209.5% in the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after buying an additional 1,928 shares during the period. Ancora Advisors LLC bought a new position in shares of Sprinklr in the 4th quarter worth about $34,000. FNY Investment Advisers LLC purchased a new position in Sprinklr during the 4th quarter valued at about $42,000. Finally, SG Americas Securities LLC bought a new stake in Sprinklr during the fourth quarter worth about $89,000. 40.19% of the stock is owned by institutional investors.

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.