Sprinklr (NYSE:CXM) Stock Rating Reaffirmed by Oppenheimer

Sprinklr (NYSE:CXM)‘s stock had its “market perform” rating reissued by equities research analysts at Oppenheimer in a research report issued to clients and investors on Thursday, Benzinga reports.

Several other research analysts have also commented on CXM. BTIG Research lowered Sprinklr from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. Barclays decreased their price objective on shares of Sprinklr from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 11th. Stifel Nicolaus decreased their price objective on shares of Sprinklr from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, December 7th. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, December 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $16.00 price target on shares of Sprinklr in a research note on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.59.

Sprinklr Trading Up 1.4 %

CXM opened at $13.00 on Thursday. The firm has a market cap of $3.56 billion, a P/E ratio of 118.19, a P/E/G ratio of 2.95 and a beta of 0.89. Sprinklr has a 12 month low of $10.45 and a 12 month high of $17.14. The stock has a 50-day moving average of $12.90 and a 200 day moving average of $13.37.

Insider Activity

In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the sale, the insider now directly owns 80,952 shares of the company’s stock, valued at $970,614.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were 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 directly owns 80,952 shares in the company, valued at $970,614.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Manish Sarin sold 60,651 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $12.01, for a total transaction of $728,418.51. Following the transaction, the chief financial officer now owns 644,946 shares of the company’s stock, valued at $7,745,801.46. The disclosure for this sale can be found here. Insiders have sold 195,682 shares of company stock valued at $2,476,123 over the last ninety days. 40.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CXM. Citigroup Inc. raised its position in shares of Sprinklr by 308.9% during the 1st quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock worth $26,000 after purchasing an additional 1,671 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in Sprinklr during the 3rd quarter valued at about $27,000. Deutsche Bank AG purchased a new stake in Sprinklr during the 4th quarter valued at about $28,000. BluePath Capital Management LLC purchased a new stake in Sprinklr during the 3rd quarter valued at about $30,000. Finally, FMR LLC grew its stake in Sprinklr by 126.1% during the 1st quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after acquiring an additional 1,484 shares in the last quarter. Institutional investors and hedge funds 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.