Sprinklr (NYSE:CXM) PT Raised to $18.00 at Citigroup

Sprinklr (NYSE:CXM) had its price objective boosted by equities research analysts at Citigroup from $15.00 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 11.25% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Sprinklr from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday. DA Davidson started coverage on shares of Sprinklr in a research report on Tuesday, July 25th. They set a “buy” rating and a $17.00 price objective on the stock. TheStreet cut shares of Sprinklr from a “c” rating to a “d+” rating in a research report on Monday, June 5th. Finally, Stifel Nicolaus increased their price objective on shares of Sprinklr from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Sprinklr Trading Up 2.0 %

Shares of CXM opened at $16.18 on Thursday. The stock has a market capitalization 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 two-hundred day simple moving average is $12.94. Sprinklr has a 12 month low of $7.25 and a 12 month high of $16.68.

Insider Activity at Sprinklr

In related news, major shareholder R David Tabors sold 284,821 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.01, for a total value of $3,990,342.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sprinklr news, major shareholder R David Tabors sold 284,821 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.01, for a total value of $3,990,342.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 17,167 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $14.56, for a total transaction of $249,951.52. Following the completion of the sale, the chief executive officer now owns 482,770 shares of the company’s stock, valued at approximately $7,029,131.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,375,562 shares of company stock valued at $19,850,890. 40.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sixth Street Partners Management Company L.P. purchased a new stake in shares of Sprinklr during the 2nd quarter worth approximately $94,980,000. BlackRock Inc. increased its stake in shares of 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 purchasing an additional 4,769,625 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 2,964,701 shares during the last quarter. Cadian Capital Management LP increased its stake 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 during the last quarter. Finally, Marshall Wace LLP increased its stake 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 during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.