Brokerages Set Sprinklr, Inc. (NYSE:CXM) Price Target at $10.13

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.38.

Several equities analysts have weighed in on the company. Barclays increased their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. Rosenblatt Securities upped their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Scotiabank boosted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th.

Sprinklr Stock Up 1.7 %

CXM stock opened at $8.79 on Wednesday. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.32. The company has a market cap of $2.23 billion, a P/E ratio of 54.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The business’s fifty day moving average is $8.76 and its 200-day moving average is $8.27.

Insider Transactions at Sprinklr

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently made changes to their positions in CXM. Jefferies Financial Group Inc. lifted its position in shares of Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after purchasing an additional 2,851,106 shares in the last quarter. Norges Bank acquired a new stake in Sprinklr in the 4th quarter valued at $16,477,000. Susquehanna Fundamental Investments LLC bought a new stake in Sprinklr during the 4th quarter worth about $3,786,000. JPMorgan Chase & Co. grew its holdings in shares of Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after acquiring an additional 434,920 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Sprinklr in the fourth quarter valued at about $3,422,000. 40.19% of the stock is 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.