Sprinklr (NYSE:CXM) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research note released on Monday, Benzinga reports. They currently have a $24.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on CXM. Morgan Stanley boosted their price target on Sprinklr from $17.00 to $18.00 and gave the company an equal weight rating in a research note on Thursday, September 7th. William Blair restated an outperform rating on shares of Sprinklr in a research note on Thursday, September 7th. Cantor Fitzgerald upped their target price on Sprinklr from $20.00 to $21.00 and gave the stock an overweight rating in a research note on Thursday, September 7th. TheStreet upgraded Sprinklr from a d+ rating to a c- rating in a research note on Thursday, September 7th. Finally, Citigroup upped their target price on Sprinklr from $15.00 to $18.00 and gave the stock a neutral rating in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $15.95.

Sprinklr Trading Down 0.4 %

Shares of CXM stock opened at $14.86 on Monday. The stock has a market cap of $4.02 billion, a P/E ratio of 495.33, a price-to-earnings-growth ratio of 5.62 and a beta of 0.90. The stock has a 50 day simple moving average of $14.42 and a 200 day simple moving average of $13.18. Sprinklr has a 1 year low of $7.25 and a 1 year high of $16.68.

Insider Activity at Sprinklr

In related news, major shareholder Chelsea R. Stoner sold 132,917 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $15.18, for a total value of $2,017,680.06. Following the completion of the sale, the insider now directly owns 132,916 shares in the company, valued at $2,017,664.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprinklr news, major shareholder R David Tabors sold 89,850 shares of the stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $14.00, for a total transaction of $1,257,900.00. Following the completion of the sale, the insider now directly owns 245,661 shares in the company, valued at approximately $3,439,254. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Chelsea R. Stoner sold 132,917 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $15.18, for a total value of $2,017,680.06. Following the sale, the insider now owns 132,916 shares of the company’s stock, valued at $2,017,664.88. The disclosure for this sale can be found here. Insiders sold 547,523 shares of company stock worth $7,943,180 over the last three months. Company insiders own 40.29% of the company’s stock.

Institutional Trading of Sprinklr

A number of large investors have recently bought and sold shares of CXM. Sixth Street Partners Management Company L.P. acquired a new stake in Sprinklr during the 2nd quarter worth about $94,980,000. BlackRock Inc. grew its holdings in Sprinklr by 302.9% during the 2nd quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after acquiring an additional 4,769,625 shares during the period. Vanguard Group Inc. grew its holdings in Sprinklr by 180.0% during the 1st quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock worth $54,875,000 after acquiring an additional 2,964,701 shares during the period. Cadian Capital Management LP boosted its position in shares of Sprinklr by 27.3% during the 2nd quarter. Cadian Capital Management LP now owns 9,769,694 shares of the company’s stock worth $135,115,000 after purchasing an additional 2,096,139 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Sprinklr by 370.2% during the 2nd quarter. Marshall Wace LLP now owns 2,046,256 shares of the company’s stock worth $28,300,000 after purchasing an additional 1,611,109 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.