Sprinklr (NYSE:CXM) Upgraded at Scotiabank

Scotiabank upgraded shares of Sprinklr (NYSE:CXM) to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research analysts also recently issued reports on the company. Cantor Fitzgerald cut their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities reduced their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. KeyCorp dropped their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $10.00 to $7.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Up 0.4 %

Shares of NYSE CXM opened at $7.82 on Monday. The firm has a 50-day moving average price of $7.52 and a 200 day moving average price of $9.00. Sprinklr has a 52 week low of $6.91 and a 52 week high of $17.14. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.

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

Insider Buying and Selling

In other news, insider Diane Adams sold 4,282 shares of the firm’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,658,250.00. Following the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares in the last quarter. State Street Corp lifted its position in shares of Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after purchasing an additional 322,318 shares in the last quarter. Solel Partners LP boosted its stake in shares of Sprinklr by 46.8% in the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares during the period. Geode Capital Management LLC grew its stake in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its stake in shares of Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares in the last quarter. Institutional investors and hedge funds 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.