JPMorgan Chase & Co. Reiterates Neutral Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $11.00 target price on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.60% from the company’s current price.

Other analysts have also issued research reports about the company. Scotiabank upped their target price on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Morgan Stanley dropped their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. Barclays upped their target price on Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus upped their target price on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.13.

Sprinklr Price Performance

CXM stock opened at $9.28 on Wednesday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 57.97, a P/E/G ratio of 2.70 and a beta of 0.81. The business has a 50-day moving average of $7.81 and a 200-day moving average of $8.60. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31.

Insider Transactions at Sprinklr

In related news, CEO Ragy Thomas sold 12,902 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the completion of the sale, the chief executive officer now directly owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Diane Adams sold 4,282 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the completion of the sale, the insider now owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,596 shares of company stock worth $536,275 over the last quarter. Company insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently made changes to their positions in the stock. Weiss Asset Management LP bought a new stake in shares of Sprinklr in the third quarter valued at approximately $806,000. SG Americas Securities LLC bought a new stake in shares of Sprinklr in the second quarter valued at approximately $553,000. Cerity Partners LLC raised its position in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares in the last quarter. Holocene Advisors LP acquired a new position in Sprinklr during the third quarter valued at approximately $597,000. Finally, Horrell Capital Management Inc. raised its position in Sprinklr by 31.7% during the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after purchasing an additional 165,000 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

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.