Sprinklr (NYSE:CXM – Get Free Report) had its target price raised by equities research analysts at DA Davidson from $17.00 to $18.50 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 14.34% from the stock’s previous close. DA Davidson also issued estimates for Sprinklr’s FY2025 earnings at $0.17 EPS.
Several other research analysts also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Sprinklr from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup lifted their price target on shares of Sprinklr from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Sprinklr from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, TheStreet cut shares of Sprinklr from a “c” rating to a “d+” rating in a research report on Monday, June 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.59.
View Our Latest Stock Report on Sprinklr
Sprinklr Price Performance
Insiders Place Their Bets
In other news, major shareholder Chelsea R. Stoner sold 132,917 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $15.18, for a total transaction of $2,017,680.06. Following the completion of the sale, the insider now directly owns 132,916 shares of the company’s stock, valued at approximately $2,017,664.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Chelsea R. Stoner sold 132,917 shares of the company’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $15.18, for a total transaction of $2,017,680.06. Following the transaction, the insider now owns 132,916 shares of the company’s stock, valued at approximately $2,017,664.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder R David Tabors sold 284,821 shares of Sprinklr stock in a transaction on Monday, June 12th. The shares were sold at an average price of $14.01, for a total value of $3,990,342.21. The disclosure for this sale can be found here. Insiders have sold a total of 1,375,562 shares of company stock valued at $19,850,890 in the last 90 days. 40.29% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sprinklr
Large investors have recently added to or reduced their stakes in the business. Sixth Street Partners Management Company L.P. bought a new position in Sprinklr in the 2nd quarter worth $94,980,000. BlackRock Inc. increased its holdings in shares of Sprinklr by 302.9% during the second quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock valued at $87,745,000 after acquiring an additional 4,769,625 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sprinklr by 180.0% during the first quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock valued at $54,875,000 after purchasing an additional 2,964,701 shares in the last quarter. Cadian Capital Management LP lifted its holdings in shares of Sprinklr by 27.3% during the second quarter. Cadian Capital Management LP now owns 9,769,694 shares of the company’s stock valued at $135,115,000 after purchasing an additional 2,096,139 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Sprinklr by 370.2% in the second quarter. Marshall Wace LLP now owns 2,046,256 shares of the company’s stock worth $28,300,000 after acquiring an additional 1,611,109 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.
Sprinklr Company Profile
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.
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