Sprinklr (NYSE:CXM) Rating Reiterated by William Blair

Sprinklr (NYSE:CXM)‘s stock had its “outperform” rating reissued by investment analysts at William Blair in a research report issued on Thursday, RTT News reports.

Several other brokerages have also issued reports on CXM. JMP Securities decreased 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. BTIG Research downgraded Sprinklr from a “buy” rating to a “neutral” rating in a report on Thursday, December 7th. KeyCorp began coverage on Sprinklr in a report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price on the stock. Morgan Stanley dropped their price objective on Sprinklr from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Finally, Stifel Nicolaus dropped their price objective 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.59.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $13.00 on Thursday. The stock has a 50 day moving average price of $12.90 and a 200 day moving average price of $13.37. Sprinklr has a 52 week low of $10.45 and a 52 week high of $17.14. The stock has a market capitalization of $3.56 billion, a PE ratio of 118.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Insiders Place Their Bets

In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business’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 transaction of $124,983.76. Following the completion of the sale, the insider now directly owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the insider now directly owns 80,952 shares of the company’s stock, valued at $970,614.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ragy Thomas sold 11,742 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 $152,998.26. Following the completion of the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,682 shares of company stock valued at $2,476,123. Corporate insiders own 40.29% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently bought and sold shares of the company. RiverPark Advisors LLC bought a new position in Sprinklr during the third quarter valued at $27,000. BluePath Capital Management LLC bought a new position in Sprinklr during the third quarter valued at $30,000. Citigroup Inc. grew its holdings in Sprinklr by 308.9% during 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 during the period. FMR LLC grew its holdings in Sprinklr by 126.1% during the first quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after purchasing an additional 1,484 shares during the period. Finally, Castleview Partners LLC bought a new position in Sprinklr during the third quarter valued at $38,000. 40.19% of the stock is owned by institutional investors.

About Sprinklr

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.