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

Shares of Sprinklr, Inc. (NYSE:CXM) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $10.25.

CXM has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, June 5th. Morgan Stanley upped their price objective on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Thursday, June 5th. Cantor Fitzgerald initiated coverage on Sprinklr in a report on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Scotiabank raised their price target on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th.

Insider Activity at Sprinklr

In other news, major shareholder Roger H. Lee sold 285,439 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the transaction, the insider now directly owns 229,360 shares of the company’s stock, valued at approximately $1,990,844.80. This trade represents a 55.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Michael Harvey sold 13,964 shares of Sprinklr stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $8.17, for a total transaction of $114,085.88. Following the completion of the sale, the insider now owns 824,389 shares of the company’s stock, valued at approximately $6,735,258.13. The trade was a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,108,044 shares of company stock worth $33,381,629 in the last ninety days. 60.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after acquiring an additional 1,928 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sprinklr by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after purchasing an additional 2,478 shares during the period. GAMMA Investing LLC increased its position in shares of Sprinklr by 209.5% in the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after purchasing an additional 2,489 shares during the period. EPIQ Capital Group LLC raised its stake in Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company’s stock worth $238,000 after purchasing an additional 2,700 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Trading Down 3.3%

NYSE CXM opened at $8.05 on Friday. Sprinklr has a 12 month low of $6.75 and a 12 month high of $10.27. The stock has a 50 day moving average of $8.00 and a 200-day moving average of $8.44. The company has a market cap of $2.08 billion, a PE ratio of 19.62, a PEG ratio of 1.77 and a beta of 0.81.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Sprinklr will post 0.1 EPS for the current fiscal year.

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.