Sprinklr (NYSE:CXM) Earns “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Sprinklr (NYSE:CXM) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $11.00 price target on the stock.

Several other research firms have also recently issued reports on CXM. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Morgan Stanley decreased their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Citigroup cut their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, DA Davidson upped their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.13.

Sprinklr Stock Down 2.4 %

Shares of Sprinklr stock opened at $9.05 on Wednesday. The company’s fifty day simple moving average is $7.84 and its two-hundred day simple moving average is $8.58. Sprinklr has a 12-month low of $6.91 and a 12-month high of $14.31. The firm has a market cap of $2.29 billion, a PE ratio of 56.53, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

Insider Activity

In other news, CFO Manish Sarin sold 22,738 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the transaction, the chief financial officer now directly owns 748,918 shares in the company, valued at $5,864,027.94. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Arun Pattabhiraman sold 10,291 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the completion of the transaction, the chief marketing officer now owns 448,947 shares in the company, valued at approximately $3,515,255.01. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,596 shares of company stock worth $536,275. Insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after acquiring an additional 1,117 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Sprinklr by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after purchasing an additional 1,700 shares in the last quarter. CWM LLC boosted its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Sprinklr by 12.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after buying an additional 2,450 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.