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Analysts Set Sprinklr, Inc. (NYSE:CXM) Target Price at $10.00

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Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.00.

Several brokerages have weighed in on CXM. DA Davidson dropped their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target 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. Morgan Stanley dropped their target price on shares of 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, Rosenblatt Securities raised 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.

Get Our Latest Analysis on Sprinklr

Sprinklr Price Performance

CXM traded up $0.12 during trading on Monday, hitting $8.43. 1,006,517 shares of the stock traded hands, compared to its average volume of 2,001,939. The firm has a market capitalization of $2.16 billion, a P/E ratio of 52.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The firm has a 50-day moving average of $7.89 and a 200 day moving average of $8.40. Sprinklr has a 12-month low of $6.75 and a 12-month high of $12.05.

Insider Activity at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction dated Friday, March 14th. The shares were 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 $8,985,879.68. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 60.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sprinklr by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company's stock valued at $2,177,000 after acquiring an additional 10,136 shares during the period. S Squared Technology LLC lifted its position in Sprinklr by 78.0% during the 1st quarter. S Squared Technology LLC now owns 445,039 shares of the company's stock valued at $3,716,000 after acquiring an additional 195,039 shares during the period. Caxton Associates LLP purchased a new position in Sprinklr during the 1st quarter valued at about $287,000. PharVision Advisers LLC purchased a new position in Sprinklr during the 1st quarter valued at about $190,000. Finally, Millennium Management LLC increased its stake in Sprinklr by 4.6% during the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock valued at $4,854,000 after purchasing an additional 25,609 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

About Sprinklr

(Get Free Report

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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