Sprinklr (NYSE:CXM) Upgraded at Scotiabank

Scotiabank upgraded shares of Sprinklr (NYSE:CXM) to a hold rating in a report published on Monday morning,Zacks.com reports.

CXM has been the topic of several other reports. DA Davidson decreased their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald decreased their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Citigroup cut their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp lowered their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.61.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $7.82 on Monday. The stock has a 50 day moving average of $7.52 and a 200 day moving average of $9.00. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.29 and a beta of 0.76. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $17.14.

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

Insider Buying and Selling

In other news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the sale, the insider now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 over the last 90 days. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of CXM. Geode Capital Management LLC boosted its stake in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after purchasing an additional 295,638 shares during the period. Barclays PLC grew its holdings in shares of Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after buying an additional 179,661 shares during the last quarter. Weiss Asset Management LP acquired a new position in Sprinklr in the 3rd quarter valued at about $806,000. State Street Corp raised its stake in Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after acquiring an additional 322,318 shares during the last quarter. Finally, Petrus Trust Company LTA lifted its position in Sprinklr by 109.5% during the 3rd quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock worth $682,000 after acquiring an additional 46,093 shares during the period. 40.19% of the stock is owned by hedge funds and other 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.