Sprinklr (NYSE:CXM) Stock Price Down 4.1% - What's Next?

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) traded down 4.1% on Monday . The company traded as low as $8.80 and last traded at $8.77. 717,818 shares changed hands during trading, a decline of 63% from the average session volume of 1,939,181 shares. The stock had previously closed at $9.14.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Sprinklr from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 13th. JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research note on Friday, February 7th. DA Davidson upped their price target on Sprinklr from $8.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, December 5th. Scotiabank upped their price target on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $11.00 price target on shares of Sprinklr in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.38.

Sprinklr Stock Down 0.2 %

The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 55.16, a P/E/G ratio of 2.31 and a beta of 0.80. The company has a fifty day moving average price of $8.77 and a two-hundred day moving average price of $8.28.

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Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 30.12% of the company's stock.

Institutional Investors Weigh In On Sprinklr

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth $989,000. Weiss Asset Management LP purchased a new position in Sprinklr in the third quarter worth $806,000. Geode Capital Management LLC raised its position in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Ceera Investments LLC raised its position in Sprinklr by 61.4% in the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after acquiring an additional 69,290 shares in the last quarter. Finally, Barclays PLC raised its position in Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after acquiring an additional 179,661 shares in the last quarter. 40.19% of the stock is 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.