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

Sprinklr, Inc. (NYSE:CXM - Get Free Report) has received an average recommendation of "Hold" from the thirteen ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $10.00.

A number of research firms recently commented on CXM. JMP Securities reiterated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. 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 note on Wednesday, April 16th. Wells Fargo & Company cut their target price on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. DA Davidson decreased their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Rosenblatt Securities boosted their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th.

Insider Buying and Selling at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now 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 document filed with the SEC, which can be accessed through the SEC website. 30.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 2,851,106 shares during the period. Norges Bank bought a new position in shares of Sprinklr during the fourth quarter valued at approximately $16,477,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $3,786,000. JPMorgan Chase & Co. boosted its holdings in Sprinklr by 224.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company's stock valued at $4,860,000 after acquiring an additional 434,920 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in Sprinklr in the 4th quarter valued at $3,422,000. Institutional investors own 40.19% of the company's stock.

Sprinklr Trading Up 0.5 %

CXM stock traded up $0.04 on Thursday, hitting $7.75. The company had a trading volume of 721,062 shares, compared to its average volume of 2,036,704. Sprinklr has a 12-month low of $6.75 and a 12-month high of $12.86. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 48.44, a P/E/G ratio of 2.31 and a beta of 0.77. The stock's 50-day simple moving average is $8.05 and its 200 day simple moving average is $8.30.

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.