Sprinklr (NYSE:CXM) Hits New 12-Month Low - What's Next?

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s share price hit a new 52-week low on Monday . The company traded as low as $6.75 and last traded at $6.82, with a volume of 99979 shares. The stock had previously closed at $7.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Scotiabank raised their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. Morgan Stanley upped their price objective on shares of Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities boosted their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.38.

Sprinklr Price Performance

The firm's 50-day moving average price is $8.53 and its 200-day moving average price is $8.30. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 45.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

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Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now owns 968,306 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently modified their holdings of CXM. Jefferies Financial Group Inc. boosted its holdings in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after acquiring an additional 2,851,106 shares during the period. 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 valued at $37,311,000 after purchasing an additional 322,318 shares during the period. Deutsche Bank AG boosted its stake in shares of Sprinklr by 2.7% in the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock valued at $23,597,000 after purchasing an additional 73,405 shares during the period. Geode Capital Management LLC increased its stake in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after buying an additional 295,638 shares during the period. Finally, Norges Bank purchased a new stake in Sprinklr during the 4th quarter worth $16,477,000. 40.19% of the stock is currently 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.