Sprinklr, Inc. (NYSE:CXM) Given Average Recommendation of "Hold" by Analysts

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

Several research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, April 14th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Morgan Stanley decreased their price objective on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Rosenblatt Securities increased their price target on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, March 13th.

Sprinklr Stock Performance

NYSE:CXM traded down $0.03 on Monday, reaching $8.47. The company's stock had a trading volume of 99,272 shares, compared to its average volume of 1,998,893. Sprinklr has a 1-year low of $6.75 and a 1-year high of $11.79. The business's 50-day moving average price is $7.87 and its two-hundred day moving average price is $8.40. The firm has a market cap of $2.17 billion, a PE ratio of 52.91, a PEG ratio of 2.31 and a beta of 0.77.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 60.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in Sprinklr by 209.5% in the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Sprinklr during the 4th quarter valued at approximately $34,000. Quarry LP increased its position in Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Sprinklr in the 4th quarter valued at approximately $89,000. Institutional investors and hedge funds own 40.19% of the company's stock.

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.