Brokerages Set Sprinklr, Inc. (NYSE:CXM) PT at $10.00

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

A number of equities analysts have issued reports on CXM shares. Morgan Stanley lowered their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Scotiabank raised their target price on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. DA Davidson decreased their target price on Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company decreased their target price on Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd.

Sprinklr Price Performance

CXM stock traded up $0.08 during mid-day trading on Monday, reaching $8.50. 654,328 shares of the company's stock were exchanged, compared to its average volume of 1,999,712. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The stock's 50 day moving average is $7.88 and its 200 day moving average is $8.40. Sprinklr has a 12-month low of $6.75 and a 12-month high of $12.02.

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 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 in the company, valued at approximately $8,985,879.68. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 60.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Sprinklr during the fourth quarter worth $34,000. Quarry LP increased its stake in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after acquiring an additional 7,557 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Sprinklr during the fourth quarter worth $89,000. Institutional investors and hedge funds own 40.19% of the company's stock.

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.