Analysts Set Sprinklr, Inc. (NYSE:CXM) Target Price at $10.38

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three 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 $10.38.

A number of research firms have weighed in on CXM. Morgan Stanley boosted their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Rosenblatt Securities boosted their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th.

Sprinklr Price Performance

Shares of Sprinklr stock traded down $0.28 on Friday, reaching $7.63. The company had a trading volume of 1,219,542 shares, compared to its average volume of 2,032,720. The firm's 50-day moving average price is $8.57 and its two-hundred day moving average price is $8.31. Sprinklr has a 1 year low of $6.75 and a 1 year high of $12.86. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 2.31 and a beta of 0.77.

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Insider Transactions at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the sale, the director now owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. This represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 30.12% of the company's stock.

Hedge Funds Weigh In On Sprinklr

Several institutional investors have recently bought and sold shares of CXM. PNC Financial Services Group Inc. boosted its position in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Sprinklr during the 4th quarter worth $34,000. FNY Investment Advisers LLC purchased a new stake in shares of Sprinklr during the 4th quarter worth $42,000. SG Americas Securities LLC bought a new stake in Sprinklr during the fourth quarter valued at about $89,000. Finally, Cibc World Markets Corp purchased a new position in Sprinklr in the fourth quarter valued at about $92,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.