Sprinklr, Inc. (NYSE:CXM) Given Average Recommendation of “Hold” by Brokerages

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.61.

CXM has been the topic of a number of recent analyst reports. Scotiabank assumed coverage on Sprinklr in a report on Tuesday, November 19th. They set a “sector perform” rating and a $7.70 price objective on the stock. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. Morgan Stanley reduced their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. DA Davidson lowered their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, KeyCorp reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th.

Insider Buying and Selling at Sprinklr

In other news, CFO Manish Sarin sold 22,738 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 value of $178,038.54. Following the completion of the transaction, the chief financial officer now owns 748,918 shares of the company’s stock, valued at $5,864,027.94. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the sale, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. This trade represents a 5.72 % 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 insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of 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 period. Barclays PLC boosted its stake in Sprinklr by 283.7% in the 3rd 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 purchased a new stake in Sprinklr in the 3rd quarter valued at about $806,000. State Street Corp increased its stake in shares of 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 holdings in shares of 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 currently owned by institutional investors and hedge funds.

Sprinklr Stock Performance

CXM stock opened at $8.24 on Monday. The stock has a market capitalization 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 company has a fifty day moving average of $7.57 and a 200-day moving average of $8.79. Sprinklr has a one year low of $6.91 and a one year high of $17.14.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS 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. Equities analysts forecast that Sprinklr will post 0.11 earnings per share for the current fiscal year.

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.