Sprinklr, Inc. (NYSE:CXM) Receives Average Recommendation of “Hold” from Brokerages

Sprinklr, Inc. (NYSE:CXM) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.30.

Several equities research analysts have issued reports on the stock. DA Davidson lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Citigroup lowered their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Rosenblatt Securities decreased their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus lowered their target price on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Finally, Morgan Stanley cut their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th.

Sprinklr Trading Down 2.1 %

NYSE:CXM opened at $7.74 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. Sprinklr has a twelve month low of $7.23 and a twelve month high of $17.14. The stock has a fifty day simple moving average of $8.80 and a 200-day simple moving average of $10.48.

Insider Activity at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now owns 376,942 shares of the company’s stock, valued at $2,951,455.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprinklr news, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the transaction, the insider now owns 376,942 shares in the company, valued at approximately $2,951,455.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the transaction, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. The disclosure for this sale can be found here. Insiders sold 351,937 shares of company stock valued at $2,675,185 over the last 90 days. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares in the last quarter. Cadian Capital Management LP increased its stake in shares of Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after acquiring an additional 3,355,566 shares during the period. Solel Partners LP increased its stake in shares of Sprinklr by 46.8% in the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after acquiring an additional 1,176,726 shares during the period. TFG Asset Management GP Ltd increased its stake in shares of Sprinklr by 15.8% in the fourth quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock worth $26,488,000 after acquiring an additional 300,000 shares during the period. Finally, Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares during the period. Institutional investors and hedge funds 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.