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

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

Several other research analysts have also issued reports on CXM. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Morgan Stanley decreased their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.50 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Finally, DA Davidson boosted their target price on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sprinklr currently has an average rating of “Hold” and an average price target of $10.13.

Sprinklr Trading Up 1.3 %

CXM opened at $9.14 on Wednesday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 57.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. The stock has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $8.59. Sprinklr has a 12-month low of $6.91 and a 12-month high of $14.31.

Insider Buying and Selling

In other news, CMO Arun Pattabhiraman sold 10,291 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares of the company’s stock, valued at $3,515,255.01. This represents a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Manish Sarin sold 22,738 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the completion of the transaction, the chief financial officer now owns 748,918 shares in the company, valued at approximately $5,864,027.94. This trade represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,596 shares of company stock worth $536,275. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the period. Everence Capital Management Inc. purchased a new stake in Sprinklr in the third quarter worth about $105,000. GSA Capital Partners LLP bought a new position in shares of Sprinklr in the third quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Sprinklr during the 3rd quarter valued at about $142,000. Institutional investors own 40.19% of the company’s stock.

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.