Sprinklr, Inc. (NYSE:CXM) Receives Average Rating of “Buy” from Brokerages

Shares of Sprinklr, Inc. (NYSE:CXMGet Rating) have been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.41.

A number of equities analysts have recently weighed in on the company. JMP Securities lowered their target price on Sprinklr from $27.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Wells Fargo & Company upped their target price on Sprinklr from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Barclays upped their target price on Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley decreased their price target on Sprinklr from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus decreased their price target on Sprinklr from $18.00 to $15.00 in a report on Wednesday.

Sprinklr stock opened at $10.34 on Thursday. Sprinklr has a one year low of $9.41 and a one year high of $26.50. The stock’s 50 day moving average is $12.52 and its 200 day moving average is $12.69.

Sprinklr (NYSE:CXMGet Rating) last issued its quarterly earnings results on Tuesday, June 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Sprinklr had a negative return on equity of 30.66% and a negative net margin of 23.17%. The firm had revenue of $144.98 million for the quarter, compared to analyst estimates of $140.96 million. Sprinklr’s revenue for the quarter was up 30.6% on a year-over-year basis. Equities analysts predict that Sprinklr will post -0.45 earnings per share for the current fiscal year.

In other news, CRO Luca Lazzaron sold 21,440 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $12.76, for a total transaction of $273,574.40. Following the completion of the transaction, the executive now owns 528,148 shares in the company, valued at approximately $6,739,168.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ragy Thomas sold 1,048,005 shares of the stock in a transaction on Monday, April 11th. The stock was sold at an average price of $14.79, for a total value of $15,499,993.95. Following the transaction, the chief executive officer now owns 31,250 shares of the company’s stock, valued at approximately $462,187.50. The disclosure for this sale can be found here. Insiders sold a total of 1,131,999 shares of company stock valued at $16,612,488 in the last 90 days. Corporate insiders own 43.75% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CXM. Morgan Stanley purchased a new stake in Sprinklr during the 2nd quarter worth about $566,000. Royal Bank of Canada purchased a new stake in Sprinklr during the 2nd quarter worth about $31,000. Wells Fargo & Company MN purchased a new stake in Sprinklr during the 2nd quarter worth about $670,000. BlackRock Inc. purchased a new stake in Sprinklr during the 3rd quarter worth about $3,641,000. Finally, Geode Capital Management LLC purchased a new stake in Sprinklr during the 3rd quarter worth about $2,083,000. 30.22% of the stock is currently owned by institutional investors and hedge funds.

About Sprinklr (Get Rating)

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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Analyst Recommendations for Sprinklr (NYSE:CXM)

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