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

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

CXM has been the subject of several recent research reports. 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 report on Wednesday, April 16th. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of 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 raised their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, March 13th.

Sprinklr Stock Performance

NYSE:CXM traded up $0.28 during mid-day trading on Monday, hitting $8.31. 1,019,609 shares of the company's stock traded hands, compared to its average volume of 2,005,844. The firm's 50 day simple moving average is $7.90 and its 200 day simple moving average is $8.40. Sprinklr has a 1 year low of $6.75 and a 1 year high of $12.05. The company has a market cap of $2.13 billion, a PE ratio of 51.94, a price-to-earnings-growth 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 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 transaction 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. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 60.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in shares of Sprinklr by 100.0% during the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sprinklr by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock valued at $988,000 after purchasing an additional 2,478 shares during the period. GAMMA Investing LLC raised its stake in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after purchasing an additional 2,489 shares during the period. EPIQ Capital Group LLC raised its stake in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after purchasing an additional 2,664 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after purchasing an additional 2,700 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

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.