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

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.

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

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.