Sprinklr (NYSE:CXM) PT Raised to $18.00

Sprinklr (NYSE:CXM) had its price target lifted by analysts at Rosenblatt Securities from $16.00 to $18.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 38.46% from the company’s previous close.

A number of other research analysts have also recently commented on CXM. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a report on Thursday. Cantor Fitzgerald decreased their target price on Sprinklr from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, December 7th. JMP Securities decreased their price objective on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, December 7th. Morgan Stanley reduced their price target on shares of Sprinklr from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, December 8th. Finally, TheStreet lowered shares of Sprinklr from a “c-” rating to a “d+” rating in a research report on Thursday, December 28th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Sprinklr currently has an average rating of “Moderate Buy” and a consensus price target of $16.59.

Sprinklr Stock Performance

Shares of CXM stock opened at $13.00 on Thursday. The stock has a fifty day simple moving average of $12.90 and a two-hundred day simple moving average of $13.37. The firm has a market capitalization of $3.56 billion, a PE ratio of 118.19, a PEG ratio of 2.95 and a beta of 0.89. Sprinklr has a 52-week low of $10.45 and a 52-week high of $17.14.

Insiders Place Their Bets

In related news, insider Diane Adams sold 16,600 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,298.00. Following the sale, the insider now owns 251,340 shares of the company’s stock, valued at $3,274,960.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total transaction of $124,983.76. Following the transaction, the insider now directly owns 80,952 shares in the company, valued at approximately $970,614.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 16,600 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $216,298.00. Following the completion of the sale, the insider now owns 251,340 shares of the company’s stock, valued at $3,274,960.20. The disclosure for this sale can be found here. Insiders sold a total of 195,682 shares of company stock worth $2,476,123 over the last 90 days. Company insiders own 40.29% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently modified their holdings of the stock. Citigroup Inc. grew its position in Sprinklr by 308.9% during the 1st quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock worth $26,000 after purchasing an additional 1,671 shares during the last quarter. RiverPark Advisors LLC purchased a new position in shares of Sprinklr in the third quarter worth $27,000. Deutsche Bank AG acquired a new stake in shares of Sprinklr during the fourth quarter worth $28,000. BluePath Capital Management LLC purchased a new stake in shares of Sprinklr during the third quarter valued at $30,000. Finally, FMR LLC grew its holdings in shares of Sprinklr by 126.1% during the first quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

About Sprinklr

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.