Sprinklr, Inc. (NYSE:CXM) Given Consensus Recommendation of “Hold” by Brokerages

Sprinklr, Inc. (NYSE:CXM) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $10.00.

CXM has been the topic of several analyst reports. Morgan Stanley reduced their price target on shares of Sprinklr from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. DA Davidson reduced their price target on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities lifted their price target on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd.

Sprinklr Trading Down 2.2%

CXM stock opened at $8.02 on Monday. Sprinklr has a 12-month low of $6.75 and a 12-month high of $12.05. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 2.31 and a beta of 0.77. The business’s 50-day moving average is $7.92 and its 200 day moving average is $8.40.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the sale, the director now directly owns 968,306 shares of the company’s stock, valued at $8,985,879.68. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 60.53% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently made changes to their positions in CXM. Barclays PLC raised its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after buying an additional 179,661 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at about $89,000. Janney Montgomery Scott LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at about $989,000. Bank of New York Mellon Corp raised its holdings in shares of Sprinklr by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock valued at $12,627,000 after buying an additional 11,513 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sprinklr by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after purchasing an additional 18,021 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.