Sprinklr (NYSE:CXM) Given Overweight Rating at Cantor Fitzgerald

Sprinklr (NYSE:CXM)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a report released on Thursday, Benzinga reports. They presently have a $16.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 24.22% from the company’s previous close.

A number of other equities research analysts also recently commented on CXM. William Blair reissued an “outperform” rating on shares of Sprinklr in a research report on Thursday. JMP Securities dropped their target price on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, December 7th. Morgan Stanley cut their price target 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. Rosenblatt Securities upped their price objective on Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus cut their target price on Sprinklr from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, December 7th. 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, Sprinklr has a consensus rating of “Moderate Buy” and a consensus price target of $16.86.

Sprinklr Stock Down 1.0 %

Shares of CXM stock traded down $0.13 during mid-day trading on Thursday, hitting $12.88. 3,152,674 shares of the stock were exchanged, compared to its average volume of 2,712,774. Sprinklr has a 52-week low of $10.70 and a 52-week high of $17.14. The firm has a fifty day moving average of $12.90 and a 200 day moving average of $13.37. The company has a market cap of $3.53 billion, a PE ratio of 117.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Insider Buying and Selling at Sprinklr

In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the 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 sale, 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 Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Diane Adams sold 16,600 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 transaction of $216,298.00. Following the completion of the sale, the insider now directly owns 251,340 shares of the company’s stock, valued at $3,274,960.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Battery Partners Ix, Llc sold 10,424 shares of Sprinklr stock in a transaction dated 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 sale, the insider now directly owns 80,952 shares in the company, valued at approximately $970,614.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,682 shares of company stock worth $2,476,123. 40.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently added to or reduced their stakes in the business. Cadian Capital Management LP raised its stake in shares of Sprinklr by 29.9% during the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after buying an additional 3,355,566 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sprinklr by 13.6% during the third quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after acquiring an additional 1,399,510 shares during the period. BlackRock Inc. raised its position in Sprinklr by 302.9% in the second quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after acquiring an additional 4,769,625 shares in the last quarter. Praesidium Investment Management Company LLC lifted its holdings in Sprinklr by 31.4% in the second quarter. Praesidium Investment Management Company LLC now owns 4,728,006 shares of the company’s stock valued at $65,388,000 after acquiring an additional 1,129,318 shares during the period. Finally, Cat Rock Capital Management LP boosted its position in shares of Sprinklr by 53.5% during the 2nd quarter. Cat Rock Capital Management LP now owns 3,696,990 shares of the company’s stock worth $51,129,000 after purchasing an additional 1,289,230 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.