Sprinklr (NYSE:CXM) PT Raised to $16.00 at Stifel Nicolaus

Sprinklr (NYSE:CXM) had its price target raised by Stifel Nicolaus from $15.00 to $16.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target indicates a potential downside of 1.11% from the stock’s previous close.

CXM has been the subject of several other research reports. TheStreet lowered Sprinklr from a “c” rating to a “d+” rating in a research report on Monday, June 5th. Morgan Stanley raised their price objective on Sprinklr from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, DA Davidson started coverage on Sprinklr in a research report on Tuesday, July 25th. They set a “buy” rating and a $17.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Moderate Buy” and a consensus price target of $15.59.

Sprinklr Stock Up 2.0 %

NYSE:CXM opened at $16.18 on Thursday. The stock has a market cap of $4.33 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 41.01 and a beta of 0.90. The firm’s fifty day simple moving average is $14.20 and its 200 day simple moving average is $12.94. Sprinklr has a twelve month low of $7.25 and a twelve month high of $16.68.

Insiders Place Their Bets

In other Sprinklr news, CRO Paul Ohls sold 25,424 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $13.56, for a total value of $344,749.44. Following the completion of the transaction, the executive now owns 706,382 shares of the company’s stock, valued at approximately $9,578,539.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Sprinklr news, CRO Paul Ohls sold 25,424 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $13.56, for a total value of $344,749.44. Following the completion of the transaction, the executive now owns 706,382 shares of the company’s stock, valued at approximately $9,578,539.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder R David Tabors sold 284,821 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $14.01, for a total value of $3,990,342.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,375,562 shares of company stock valued at $19,850,890. 40.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently made changes to their positions in CXM. Citigroup Inc. grew its stake in shares of Sprinklr by 308.9% during the 1st quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after purchasing an additional 1,671 shares during the period. Deutsche Bank AG bought a new stake in shares of Sprinklr during the 4th quarter valued at about $28,000. Arcadia Investment Management Corp MI grew its stake in shares of Sprinklr by 131.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 2,481 shares of the company’s stock valued at $32,000 after purchasing an additional 1,407 shares during the period. FMR LLC grew its stake in shares of Sprinklr by 126.1% during the 1st quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after acquiring an additional 1,484 shares during the period. Finally, Silicon Valley Capital Partners bought a new position in shares of Sprinklr during the 4th quarter valued at approximately $43,000. 40.19% of the stock is currently owned by institutional investors.

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.