Wells Fargo & Company Issues Pessimistic Forecast for Sprinklr (NYSE:CXM) Stock Price

Sprinklr (NYSE:CXM - Get Free Report) had its price objective decreased by stock analysts at Wells Fargo & Company from $7.00 to $6.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential downside of 12.92% from the stock's previous close.

Several other analysts have also commented on the stock. Scotiabank increased their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Rosenblatt Securities raised their price target on shares of Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Finally, DA Davidson decreased their price objective on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sprinklr currently has an average rating of "Hold" and a consensus target price of $10.00.

Sprinklr Price Performance

Sprinklr stock opened at $6.89 on Tuesday. Sprinklr has a 1 year low of $6.75 and a 1 year high of $12.86. The firm's 50 day moving average price is $8.31 and its 200-day moving average price is $8.29. The stock has a market cap of $1.76 billion, a P/E ratio of 43.07, a PEG ratio of 2.31 and a beta of 0.77.

Insider Activity at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction 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 transaction, 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 filing with the SEC, which is accessible through this link. 30.12% of the stock is currently owned by insiders.

Institutional Trading of Sprinklr

A number of institutional investors have recently bought and sold shares of CXM. Stanley Laman Group Ltd. lifted its stake in shares of Sprinklr by 12.7% during the first quarter. Stanley Laman Group Ltd. now owns 689,610 shares of the company's stock worth $5,758,000 after buying an additional 77,463 shares during the period. GAMMA Investing LLC lifted its stake in Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares in the last quarter. Novem Group purchased a new stake in Sprinklr during the 4th quarter worth about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Sprinklr by 20.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,633 shares of the company's stock valued at $2,118,000 after acquiring an additional 41,919 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at about $2,128,000. 40.19% of the stock is currently owned by 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.

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