Sprinklr, Inc. (NYSE:CXM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sprinklr, Inc. (NYSE:CXM) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $10.30.

Several analysts recently commented on the stock. KeyCorp dropped their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. DA Davidson dropped their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley dropped their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, Citigroup dropped their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th.

Sprinklr Stock Performance

CXM stock opened at $7.74 on Wednesday. The firm has a market cap of $2.05 billion, a PE ratio of 36.86, a P/E/G ratio of 2.23 and a beta of 0.78. The firm’s fifty day moving average is $8.80 and its 200 day moving average is $10.48. Sprinklr has a one year low of $7.23 and a one year high of $17.14.

Insiders Place Their Bets

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sprinklr news, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the sale, the insider now directly owns 395,222 shares in the company, valued at $3,636,042.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The disclosure for this sale can be found here. Insiders have sold 351,937 shares of company stock valued at $2,675,185 over the last ninety days. Company insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new position in shares of Sprinklr in the first quarter valued at approximately $28,000. CWM LLC grew its holdings in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Sprinklr in the fourth quarter valued at approximately $115,000. CIBC Asset Management Inc grew its holdings in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of Sprinklr in the fourth quarter valued at approximately $161,000. 40.19% of the stock is currently 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.