Sprinklr (NYSE:CXM) Receives “Market Outperform” Rating from JMP Securities

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a report issued on Monday,Benzinga reports. They presently have a $17.00 price objective on the stock. JMP Securities’ price target indicates a potential upside of 86.00% from the company’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a report on Wednesday, December 11th. Citigroup reduced their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. KeyCorp dropped their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Scotiabank upped their target price on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sprinklr presently has an average rating of “Hold” and a consensus target price of $10.13.

Sprinklr Stock Performance

Shares of CXM stock traded up $0.10 during trading hours on Monday, hitting $9.14. 177,337 shares of the company were exchanged, compared to its average volume of 2,329,795. The firm has a market cap of $2.32 billion, a P/E ratio of 57.13, a P/E/G ratio of 3.02 and a beta of 0.81. The company has a 50 day simple moving average of $7.84 and a two-hundred day simple moving average of $8.53. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31.

Insider Activity at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the sale, the insider now owns 376,942 shares of the company’s stock, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 15,420 shares of company stock valued at $119,907. Corporate insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. CWM LLC grew its position in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr during the third quarter worth about $105,000. GSA Capital Partners LLP bought a new stake in shares of Sprinklr during the 3rd quarter worth $129,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Sprinklr during the 3rd quarter worth $142,000. 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.