JMP Securities Reiterates Market Outperform Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a research report issued on Thursday, Benzinga reports. They currently have a $17.00 target price on the stock. JMP Securities’ target price indicates a potential upside of 120.49% from the stock’s previous close.

Other analysts have also issued research reports about the stock. KeyCorp reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday. Rosenblatt Securities reduced their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday. Stifel Nicolaus reduced their price target on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Wells Fargo & Company reduced their price target on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $10.30.

Sprinklr Stock Down 1.0 %

Sprinklr stock opened at $7.71 on Thursday. The stock has a market cap of $2.04 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.53 and a beta of 0.78. Sprinklr has a twelve month low of $7.61 and a twelve month high of $17.14. The company’s 50-day moving average price is $9.19 and its two-hundred day moving average price is $10.86.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The firm had revenue of $195.96 million for the quarter, compared to analyst estimates of $194.54 million. Equities analysts anticipate that Sprinklr will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the transaction, the insider now owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 15,962 shares of company stock valued at $148,000. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently modified their holdings of CXM. Mather Group LLC. bought a new position in shares of Sprinklr during the first quarter valued at $28,000. CWM LLC raised its stake in shares of Sprinklr by 111.0% during the second 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 last quarter. Quest Partners LLC bought a new position in shares of Sprinklr during the fourth quarter valued at $115,000. CIBC Asset Management Inc raised its stake 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 acquiring an additional 1,694 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of Sprinklr during the second quarter valued at $148,000. Institutional investors own 40.19% of the company’s stock.

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.