Sprinklr’s (CXM) Neutral Rating Reiterated at JPMorgan Chase & Co.

Sprinklr (NYSE:CXM)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday,Benzinga reports. They currently have a $11.00 target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.35% from the stock’s previous close.

Several other brokerages also recently issued reports on CXM. Rosenblatt Securities reissued a “buy” rating and set a $10.50 target price on shares of Sprinklr in a research note on Thursday, December 5th. Barclays increased their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Morgan Stanley lowered their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Stifel Nicolaus lifted their price target on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus target price of $10.13.

Sprinklr Stock Performance

Shares of CXM stock opened at $9.14 on Wednesday. The stock has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $8.59. The firm has a market capitalization of $2.32 billion, a PE ratio of 57.13, a PEG ratio of 2.70 and a beta of 0.81. Sprinklr has a 52-week low of $6.91 and a 52-week high of $14.31.

Insider Buying and Selling

In related news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of Sprinklr stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the transaction, the chief financial officer now directly owns 748,918 shares of the company’s stock, valued at $5,864,027.94. The trade was a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,596 shares of company stock worth $536,275. Corporate insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Hedge funds have recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in shares of Sprinklr during the first quarter valued at approximately $597,000. CWM LLC boosted its holdings in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the period. SG Americas Securities LLC bought a new position in Sprinklr in the 2nd quarter valued at $553,000. Hennion & Walsh Asset Management Inc. increased its stake in Sprinklr by 13.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,800 shares of the company’s stock worth $364,000 after purchasing an additional 4,384 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Sprinklr by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after purchasing an additional 1,700 shares during the period. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Company Profile

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.