Sprinklr, Inc. (NYSE:CXM) Given Consensus Rating of “Hold” by Brokerages

Sprinklr, Inc. (NYSE:CXM) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.00.

CXM has been the topic of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Citigroup lowered their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald decreased their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Finally, Wells Fargo & Company reduced their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th.

Insider Transactions at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 value of $1,658,250.00. Following the sale, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 over the last ninety days. 30.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of CXM. 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 worth $35,000 after acquiring an additional 1,904 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 in the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr during the third quarter worth about $105,000. Susquehanna Fundamental Investments LLC bought a new stake in Sprinklr in the 1st quarter worth about $166,000. Finally, Simplicity Wealth LLC purchased a new stake in Sprinklr in the 2nd quarter valued at about $148,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $7.61 on Thursday. The firm has a 50-day moving average of $7.61 and a 200-day moving average of $9.29. Sprinklr has a 52-week low of $6.91 and a 52-week high of $17.14. The stock has a market cap of $1.93 billion, a PE ratio of 42.28, a PEG ratio of 2.25 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. Equities research analysts predict that Sprinklr will post 0.11 earnings per share for the current fiscal year.

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.