Sprinklr (NYSE:CXM) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Sprinklr (NYSE:CXM) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $8.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 2.14% from the company’s current price.

A number of other brokerages have also issued reports on CXM. Wells Fargo & Company cut their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Morgan Stanley lowered their target price on Sprinklr from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. DA Davidson cut their price target on Sprinklr from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Rosenblatt Securities increased their price target on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.92.

Sprinklr Stock Performance

Sprinklr stock opened at $8.18 on Tuesday. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $11.41. The firm has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.41. The company has a market capitalization of $2.09 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. This represents a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 60.53% of the company’s stock.

Institutional Trading of Sprinklr

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after purchasing an additional 1,928 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after acquiring an additional 2,478 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sprinklr by 209.5% in the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock valued at $31,000 after buying an additional 2,489 shares during the last quarter. EPIQ Capital Group LLC grew its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after buying an additional 2,664 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Sprinklr by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company’s stock worth $238,000 after purchasing an additional 2,700 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.