Sprinklr (CXM) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Sprinklr (NYSE: CXM):

• 9/5/2024 – Sprinklr had its price target lowered by analysts at Barclays PLC from $11.00 to $10.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at KeyCorp from $16.00 to $12.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at Citigroup Inc. from $11.00 to $9.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at DA Davidson from $9.00 to $8.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at Cantor Fitzgerald from $10.00 to $9.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – Sprinklr had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $17.00 price target on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at Wells Fargo & Company from $9.00 to $8.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Sprinklr had its price target lowered by analysts at Morgan Stanley from $12.00 to $10.00. They now have an “equal weight” rating on the stock.
• 9/3/2024 – Sprinklr had its price target lowered by analysts at Rosenblatt Securities from $14.00 to $11.00. They now have a “buy” rating on the stock.

Sprinklr Stock Performance

CXM traded down $0.05 on Friday, hitting $7.86. The company had a trading volume of 397,359 shares, compared to its average volume of 2,224,917. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 2.23 and a beta of 0.78. The stock has a fifty day moving average price of $8.85 and a 200-day moving average price of $10.56. Sprinklr, Inc. has a 12-month low of $7.23 and a 12-month high of $17.14.

Insider Activity

In related news, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the sale, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the sale, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 351,937 shares of company stock worth $2,675,185. Corporate insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the period. Cadian Capital Management LP increased its holdings in shares of Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares during the period. Federated Hermes Inc. raised its stake in shares of Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Solel Partners LP lifted its holdings in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after purchasing an additional 1,176,726 shares during the period. Finally, Letko Brosseau & Associates Inc. boosted its position in Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.