Sprinklr (NYSE:CXM) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Sprinklr (NYSE:CXMFree Report) in a research report sent to investors on Thursday, Benzinga reports. Cantor Fitzgerald currently has a $16.00 price target on the stock.

Other research analysts also recently issued reports about the company. KeyCorp assumed coverage on Sprinklr in a research note on Thursday, March 21st. They set an overweight rating and a $19.00 target price on the stock. JMP Securities dropped their price target on Sprinklr from $24.00 to $22.00 and set a market outperform rating on the stock in a research note on Thursday, December 7th. Oppenheimer reiterated a market perform rating on shares of Sprinklr in a research note on Thursday. Rosenblatt Securities boosted their price target on Sprinklr from $16.00 to $18.00 and gave the company a buy rating in a research note on Thursday. Finally, Stifel Nicolaus lowered their target price on Sprinklr from $16.00 to $15.00 and set a hold rating on the stock in a research note on Thursday, December 7th. Six 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, the company has an average rating of Moderate Buy and an average target price of $16.86.

Check Out Our Latest Stock Analysis on CXM

Sprinklr Price Performance

Shares of CXM stock opened at $12.27 on Thursday. Sprinklr has a 1-year low of $10.70 and a 1-year high of $17.14. The stock’s fifty day moving average price is $12.90 and its 200 day moving average price is $13.37. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 111.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 80,952 shares of the company’s stock, valued at $970,614.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $11.99, for a total value of $124,983.76. Following the completion of the sale, the insider now directly owns 80,952 shares in the company, valued at $970,614.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane Adams sold 16,600 shares of the company’s stock in a transaction that occurred on 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 195,682 shares of company stock valued at $2,476,123 over the last quarter. 40.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprinklr

Large investors have recently made changes to their positions in the stock. Citigroup Inc. grew its position in shares of Sprinklr by 308.9% in the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after purchasing an additional 1,671 shares in the last quarter. RiverPark Advisors LLC purchased a new position in Sprinklr in the third quarter worth approximately $27,000. Deutsche Bank AG purchased a new position in Sprinklr in the fourth quarter worth approximately $28,000. BluePath Capital Management LLC purchased a new position in Sprinklr in the third quarter worth approximately $30,000. Finally, FMR LLC grew its position in Sprinklr by 126.1% in the first quarter. FMR LLC now owns 2,661 shares of the company’s stock worth $34,000 after acquiring an additional 1,484 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

About Sprinklr

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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.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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