Sprinklr, Inc. (NYSE:CXM) Receives Consensus Rating of “Hold” from Analysts

Sprinklr, Inc. (NYSE:CXM) has received a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.05.

Several research analysts have weighed in on CXM shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research note on Thursday. Citigroup lowered their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. DA Davidson raised their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a research note on Thursday.

Insider Activity at Sprinklr

In related news, CEO Ragy Thomas sold 12,902 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the completion of the sale, the chief executive officer now owns 1,051,182 shares in the company, valued at $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,596 shares of company stock valued at $2,194,525 over the last 90 days. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CXM. CWM LLC raised its position in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr in the 3rd quarter valued at approximately $105,000. CIBC Asset Management Inc raised its stake in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Sprinklr during the third quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Sprinklr during the 3rd quarter worth approximately $142,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Trading Up 1.4 %

NYSE CXM opened at $8.79 on Monday. The stock has a fifty day simple moving average of $7.67 and a 200-day simple moving average of $8.66. The stock has a market cap of $2.23 billion, a PE ratio of 54.94, a P/E/G ratio of 2.58 and a beta of 0.81. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.31.

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.