Sprinklr (NYSE:CXM) Rating Reiterated by William Blair

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

Other research analysts also recently issued research reports about the company. JMP Securities lowered their target price 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. Stifel Nicolaus decreased their price target on Sprinklr from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, December 7th. BTIG Research cut Sprinklr from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. Morgan Stanley cut their price objective on Sprinklr from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a report on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.59.

Sprinklr Price Performance

Shares of NYSE CXM opened at $13.00 on Thursday. The business’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $13.37. Sprinklr has a one year low of $10.45 and a one year high of $17.14. The company has a market capitalization of $3.56 billion, a P/E ratio of 118.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Jacob Scott sold 16,602 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction 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 in the company, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,682 shares of company stock worth $2,476,123. Insiders own 40.29% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in Sprinklr by 228.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after buying an additional 708,655 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sprinklr by 36.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company’s stock valued at $12,153,000 after purchasing an additional 235,111 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of Sprinklr in the 2nd quarter valued at about $2,055,000. Horrell Capital Management Inc. raised its stake in shares of Sprinklr by 63.1% in the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after purchasing an additional 130,000 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Sprinklr in the 3rd quarter valued at about $87,000. 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.