Sprinklr, Inc. (NYSE:CXM) Receives Consensus Rating of “Hold” from Analysts

Sprinklr, Inc. (NYSE:CXM) has received a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.00.

A number of analysts recently commented on CXM shares. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Wells Fargo & Company dropped their price target 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. KeyCorp decreased 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. Cantor Fitzgerald dropped their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th.

Insider Activity at Sprinklr

In related 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 value of $126,196.40. Following the completion of the transaction, the insider now directly owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the transaction, the insider now owns 395,222 shares of the company’s stock, valued at $3,636,042.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,937 shares of company stock valued at $2,675,185. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CXM. State of Alaska Department of Revenue bought a new stake in shares of Sprinklr in the first quarter valued at about $883,000. Virtu Financial LLC bought a new stake in Sprinklr in the 4th quarter valued at about $173,000. SG Americas Securities LLC bought a new stake in Sprinklr in the 2nd quarter valued at about $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Sprinklr during the 1st quarter worth approximately $494,000. Finally, Vanguard Group Inc. increased its holdings in shares of Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after purchasing an additional 3,575,001 shares during the period. 40.19% of the stock is owned by institutional investors.

Sprinklr Trading Up 1.3 %

NYSE CXM opened at $7.23 on Friday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14. The company has a market capitalization of $1.83 billion, a PE ratio of 40.17, a P/E/G ratio of 2.10 and a beta of 0.76. The stock has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $9.86.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. As a group, sell-side 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.