Sprinklr (NYSE:CXM) Upgraded at Scotiabank

Scotiabank upgraded shares of Sprinklr (NYSE:CXM) to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Citigroup lowered their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald reduced their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley cut their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, DA Davidson dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Sprinklr currently has an average rating of “Hold” and an average price target of $9.61.

Sprinklr Stock Performance

NYSE:CXM opened at $8.05 on Monday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76. Sprinklr has a 52 week low of $6.91 and a 52 week high of $17.14. The firm has a 50-day moving average price of $7.52 and a two-hundred day moving average price of $8.99.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The firm had revenue of $197.21 million during the quarter, compared to the consensus estimate of $194.58 million. As a group, sell-side analysts forecast that Sprinklr will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the transaction, the insider now directly owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ragy Thomas sold 12,902 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 transaction of $101,022.66. Following the transaction, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 338,480 shares of company stock worth $2,545,967. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after acquiring an additional 1,117 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after buying an additional 1,700 shares during the last quarter. CWM LLC grew its position in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Sprinklr by 12.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after purchasing an additional 2,450 shares during the last quarter. Institutional investors 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.