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

Shares of Sprinklr, Inc. (NYSE:CXM) have received an average rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.61.

Several equities research analysts have recently issued reports on CXM shares. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. KeyCorp lowered their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Scotiabank assumed coverage on Sprinklr in a research note on Tuesday, November 19th. They set a “sector perform” rating and a $7.70 price objective on the stock. Rosenblatt Securities lowered their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $6.00 in a report on Tuesday, November 12th.

Sprinklr Trading Up 0.4 %

CXM stock opened at $8.24 on Monday. The company has a market cap of $2.09 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.46 and a beta of 0.76. The stock has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $8.79. Sprinklr has a 12-month low of $6.91 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Equities analysts forecast that Sprinklr will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ragy Thomas sold 12,902 shares of the business’s stock in a transaction that occurred 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 approximately $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. The trade was a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 over the last three months. Company insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CXM. State Street Corp grew its stake in shares of Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares during the period. Solel Partners LP raised its position in shares of Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after acquiring an additional 1,176,726 shares during the last quarter. Geode Capital Management LLC increased its holdings in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares during the last quarter. Letko Brosseau & Associates Inc. raised its position in shares of Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after acquiring an additional 827,375 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the period. 40.19% of the stock is owned by institutional investors.

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.