Sprinklr (NYSE:CXM) Earns Sector Perform Rating from Analysts at Scotiabank

Scotiabank started coverage on shares of Sprinklr (NYSE:CXM) in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm issued a sector perform rating and a $7.70 price objective on the stock.

CXM has been the subject of a number of other research reports. Rosenblatt Securities decreased their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. KeyCorp decreased their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Citigroup decreased their price objective 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. Finally, Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.61.

Sprinklr Price Performance

NYSE CXM opened at $8.32 on Tuesday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14. The firm has a market capitalization of $2.11 billion, a PE ratio of 46.22, a P/E/G ratio of 2.32 and a beta of 0.76. The company’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $8.96.

Sprinklr (NYSE:CXM) last issued its 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 firm had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. Sell-side analysts anticipate that Sprinklr will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the transaction, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC raised its holdings in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. CIBC Asset Management Inc grew its position in 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 purchasing an additional 1,694 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Sprinklr in the 3rd quarter worth $105,000. Simplicity Wealth LLC acquired a new stake in Sprinklr in the 2nd quarter worth $148,000. Finally, GSA Capital Partners LLP acquired a new stake in Sprinklr in the 3rd quarter worth $129,000. Institutional investors own 40.19% of the company’s stock.

About Sprinklr

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.