Sprinklr's (CXM) "Market Outperform" Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Sprinklr (NYSE:CXM - Free Report) in a research note released on Monday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company lowered shares of Sprinklr from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Rosenblatt Securities reiterated a "buy" rating and set a $10.50 price objective on shares of Sprinklr in a research report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Barclays upped their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley decreased 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 note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sprinklr currently has an average rating of "Hold" and a consensus target price of $10.13.

Sprinklr Stock Performance

CXM traded up $0.37 during midday trading on Monday, hitting $9.41. The stock had a trading volume of 2,043,971 shares, compared to its average volume of 2,338,125. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The business has a fifty day moving average of $7.89 and a 200 day moving average of $8.52. The company has a market cap of $2.38 billion, a P/E ratio of 58.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

Insider Activity

In related news, insider Diane Adams sold 12,915 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the transaction, the insider now owns 376,942 shares of the company's stock, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 15,420 shares of company stock worth $119,907 over the last 90 days. 30.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 272 Capital LP grew its stake in Sprinklr by 26.5% in the 3rd quarter. 272 Capital LP now owns 309,248 shares of the company's stock valued at $2,390,000 after acquiring an additional 64,748 shares during the period. Geode Capital Management LLC increased its stake in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after purchasing an additional 295,638 shares in the last quarter. Barclays PLC raised its position in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after purchasing an additional 179,661 shares during the last quarter. Weiss Asset Management LP purchased a new position in Sprinklr in the 3rd quarter valued at about $806,000. Finally, State Street Corp boosted its stake in shares of Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company's stock worth $37,311,000 after acquiring an additional 322,318 shares during the last quarter. 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.