DA Davidson Lowers Sprinklr (NYSE:CXM) Price Target to $8.00

Sprinklr (NYSE:CXM) had its price objective decreased by equities researchers at DA Davidson from $11.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price suggests a potential upside of 11.19% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Scotiabank lifted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 13th. Rosenblatt Securities increased their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Morgan Stanley lifted their target price on shares of Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Finally, William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Sprinklr currently has an average rating of “Hold” and an average target price of $10.25.

Sprinklr Trading Up 0.2 %

Shares of NYSE:CXM opened at $7.20 on Monday. The firm has a 50 day simple moving average of $8.47 and a 200-day simple moving average of $8.30. The company has a market capitalization of $1.84 billion, a PE ratio of 44.97, a P/E/G ratio of 2.31 and a beta of 0.77. Sprinklr has a twelve month low of $6.75 and a twelve month high of $12.86.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 30.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently bought and sold shares of CXM. Jefferies Financial Group Inc. increased its holdings in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after purchasing an additional 2,851,106 shares in the last quarter. Norges Bank acquired a new position in Sprinklr during the fourth quarter worth about $16,477,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the fourth quarter valued at about $3,786,000. JPMorgan Chase & Co. lifted its position in shares of Sprinklr by 224.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after acquiring an additional 434,920 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Sprinklr during the 4th quarter worth approximately $3,422,000. 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 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.